Name of ETF: Direxion Daily S&P 500 Bull 3x Shares
Benchmark Index: S&P 500 Index
Ticker Symbol: SPXL
Approximate Number of Stocks in this ETF: 500
Types of Companies Included: Companies in the S&P 500. The S&P 500 is comprised of some of the largest U.S. companies and is one of the most recognizable indices in the world.
Daily Target: 3x
Leveraged ETF: This ETF attempts to produce leveraged daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 3x (300%). This means the ETF is seeking results equal to 300% of the benchmark index performance.
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