PILLDirexion Daily Pharmaceutical & Medical Bull 3X Shares
PILL Fund Description
The Direxion Daily Pharmaceutical & Medical Bull 3x Shares ETF provides 3x daily exposure to a multi-factor index of pharmaceutical companies in the US.
PILL Factset Analytics Insight
PILL seeks to deliver daily investment results of 3x the performance of the Dynamic Pharmaceutical Intellidex Index. The underlying index is built using a quant-driven methodology to select and weight pharmaceutical companies based on fundamental and risk factors. Unlike PJP—an unlevered PowerShares’ ETF following the same index—PILL uses derivatives, such as swaps, to achieve its exposure. It’s worth noting that the fund is not a pure pharma play, as some biotech companies also find their way into the index.As with all levered funds PILL should not be expected to deliver 3 times the performance of its index for periods longer than 1 day—compounding and path-dependency can cause significant deviations over longer time frames. PILL is only appropriate for short-term, tactical bets and not as a permanent holding. Hence, the cost of getting in and out of the fund—spreads, commissions, and any premium/discount—is more important than the fund’s expense ratio.PILL originally provided 2 times the daily performance of the index, but failed to attract interest; the fund closed in March 2017. The current version tracks the same index, but with 3x leverage and a higher expense ratio.
PILL MSCI ESG Analytics Insight
The MSCI ESG Fund Quality Score measures the ability of ETF underlying holdings to manage key medium to long-term risks and opportunities arising from environmental, social, and governance factors, as determined by MSCI ESG Research LLC. As of September 24, 2018 the Direxion Daily Pharmaceutical & Medical Bull 3X Shares MSCI ESG Fund Quality Score is 4.21 out of 10.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. PILL ranks in the 0th percentile within its peer group and in the 12nd percentile within the global universe of all funds in MSCI ESG Fund Metrics coverage.
PILL CHARTS AND PERFORMANCE
PILL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PILL. PILL is rated a N/A out of 5.