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EDC Direxion Daily Emerging Markets Bull (3x) ETF

No holdings information is available in our database.

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.

$29.41  -0.43 (-1.44%)
As of 03/24/2023 14:17:05 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:  0.95%
Market cap:  $90,462,884
Average volume:  119,487
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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