The Direxion Daily SHOP Bull 2X ETF (SHPU) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying SHOP performance itself. Longer holding periods, higher volatility of SHOP and leverage increase the impact of compounding on an investor’s returns. During periods of higher SHOP volatility, the volatility of SHOP may affect the fund’s performance.
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.