Industry description
The investment seeks daily investment results, before fees and expenses, of 200% of the daily performance of PLTR.
The fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of PLTR and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to PLTR, consistent with the fund’s investment objective. The fund is non-diversified.
High and low price notable news
The average weekly price growth across all stocks in the Direxion Daily PLTR Bull 2X Shares ETF was 45%. For the same ETF, the average monthly price growth was 37%, and the average quarterly price growth was 0%. PLTR experienced the highest price growth at 20%, while PLTR experienced the biggest fall at 20%.