What is the ISIN of Direxion Daily MU Bull 2X ETF?

The ISIN of Direxion Daily MU Bull 2X ETF is US25461A5285.

What does leveraged daily exposure mean for Direxion Daily MU Bull 2X ETF?

Direxion Daily MU Bull 2X ETF aims to deliver 2 times the daily return of MU (long). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.

What is volatility decay and how does it affect Direxion Daily MU Bull 2X ETF?

Volatility decay (also called compounding drag) occurs because Direxion Daily MU Bull 2X ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

Know before the market does.One step ahead of Buffett.Try the Terminal for free

Direxion Daily MU Bull 2X ETF (MUU) Price

Direxion Daily MU Bull 2X ETF Price

— EUR

PRO

TER1.01 %

AUM899.79 M USD

IndexMicron Technology, Inc. - Benchmark Price Return

CurrencyUSD

Funds Launch10/10/2024

Access this data via the Eulerpool API

Docs Get Free API Key

Underlying

MU2X Long Daily

Direxion Daily MU Bull 2X ETF provides 2X daily exposure to MU.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.