EDC Direxion Daily Emerging Markets Bull (3x) ETF

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EDC Direxion Daily Emerging Markets Bull (3x) ETF

Seeks daily investment results before fees and expenses of 300% of the price performance of the MSCI Emerging Markets Index. EDC holds some shares in EEM, the iShares Emerging Markets ETF, but primarily achieves its 300% leverage using swaps and other financial derivatives. Because EDC can achieve the 300% leverage using swaps, without using all of its cash, EDC typically also has a large amount of excess cash that is invested in short-term investments.The Index captures large and mid cap representation across emerging market countries. The Index covers approximately 85% of the free float-adjusted market capitalization in each country. The number of countries in the Index can change, as MSCI has a formal process each year to re-evaluate which countries in the world should be classified as an "emerging market". The Index is a market capitalization weighted index.

$37.72  +1.33 (3.64%)
As of 08/10/2022 13:01:33 EST     IEX book   CBOE book


ETF Information
Sponsor:     Direxion Funds
Category1:  Global Equity
Category2:  Emerging markets
Category3:  Large and mid cap
Morningstar category:  Trading--Leveraged Equity
Leverage factor:  3.00
Inception date:  12/17/2008
Index tracking method: Passive replication
Current yield:  0.00%
Historical average yield:  0.97%
Market cap:  $77,931,223
Average volume:  38,112
Fees:     1.2600%

Index Information
MSCI Emerging Markets Index
Index symbol:  MXEF
Provider:   MSCI
Index weighting:   Market capitalization
Index inception date:  01/01/2001
Backtesting data exists:   Yes
Index factsheet:  Read PDF
Number of holdings:  845  (as of 11/19/2018)

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