Direxion Daily Uranium Industry Bull 2X Shares
The Direxion Daily Uranium Industry Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the Solactive United States Uranium and Nuclear Energy ETF Select Index. There is no guarantee that the fund will achieve its stated investment objective.
Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The use of leverage by the Fund increases the risk to the Fund. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and the consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment.
URAA
Operational Updates
- 06/26/2024
Direxion Unveils Uranium Industry ETF (URAA)
Read Press Release - 01/23/2024
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Register for Alerts today!
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This leveraged ETF seeks a return that is 200% of the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.
Pricing & Performance
NAV and Market Price information as of 06/27/2024.
Net Asset Value (NAV)
Market Price Closing
| 1M | 3M | YTD | 1Y | 3Y | 5Y | 10Y | Since Inception | Expense Ratio* (Gross / Net%) | Inception Date | |
|---|---|---|---|---|---|---|---|---|---|---|
| URAA NAV | — | — | — | — | — | — | — | — | 1.46 / 1.44* | 06/26/2024 |
| URAA Market Close | — | — | — | — | — | — | — | — | 1.46 / 1.44* | 06/26/2024 |
As of May 31, 2024
The Primary Listing Exchange is the NYSE Arca, Inc.
*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2025, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.
Index Information
The Solactive United States Uranium and Nuclear Energy ETF Select Index (SUSUNET) is designed by Solactive AG to track the performance of U.S.-listed exchange-traded funds with a focus on uranium and nuclear energy. The following top 10 holdings list combines the top holdings from the underlying indexes of the two ETFs, SOLURANT and URNMX, tracked by SUSUNET. One cannot invest directly in an index.
Index Top Holdings
| % of Total | |
|---|---|
| Cameco Corp. |
19.15%
|
| Sprott Physical Uranium Trust |
10.23%
|
| Nak Kazatomprom |
8.52%
|
| Nexgen Energy Ltd |
5.60%
|
| Paladin Energy Ltd |
5.30%
|
| Uranium Energy Corp. |
4.52%
|
| Denison Mines Corp. |
4.12%
|
| Yellow Cake Plc |
3.61%
|
| Boss Energy Ltd |
3.32%
|
| CGN Mining Co. Ltd |
2.57%
|
Distributions
| Record Date | Ex Date | Pay Date | Income Dividend | Short-Term Capital Gain | Long-Term Capital Gain | |
|---|---|---|---|---|---|---|
| — | — | — | 0.00000 | — | — | |
Record Date— Ex Date— Pay Date— Income Dividend0.00000 Short-Term Capital Gain— Long-Term Capital Gain— | ||||||
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How to Trade
ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.
We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.
Please note, your advisor or broker may charge commissions or other transaction fees. If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.
Operational Updates
- 06/26/2024
Direxion Unveils Uranium Industry ETF (URAA)
Read Press Release - 01/23/2024
Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
Register for Alerts today!
Documents & Downloads
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