Leveraged 3X ETFs are funds that track a wide variety of asset classes, such as stocks, bonds and commodity futures, and apply leverage in order to gain three times the daily or monthly return of the respective underlying index. Such ETFs come in the long and short varieties.
What are exchange traded funds (ETFs)?
There are a number of exchange traded funds (ETFs) that track the banking sector. Leveraged ETFs are exchange-traded funds that seek to return some multiple (e.g., 2x or 3x) of the daily performance of the index it tracks. A leveraged ETF is a fund that uses financial derivatives and debt to amplify the returns of an underlying index.
What is Direxion daily regional banks Bull 3x shares?
The Direxion Daily Regional Banks Bull 3X Shares seeks daily investment results of the performance of the S&P Regional Banks Select Industry Index.
