NEEDDirexion Daily Consumer Staples Bull 3X Shares
NEED Fund Description
The Direxion Daily Consumer Staples Bull 3x Shares ETF provides 3x leveraged exposure to the U.S. consumer non-discretionary sector.
NEED Factset Analytics Insight
NEED is a daily 3x leveraged bet on the S&P Consumer Staples Select Industry Index. NEED does this through a portfolio swaps contracts that gets rebalanced at the end of each trading day. Because of this rebalancing, the fund’s return for periods longer than a day becomes path dependent, and is likely to be different from three times the return of the index for the same period. This makes NEED suitable primarily for short-term traders. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of biotech companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here.
NEED Charts And Performance
NEED Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of NEED. NEED is rated a N/A out of 5.