Direxion Daily Magnificent 7 Bull 2X Shares (QQQU)

Direxion Daily Magnificent 7 Bull 2X Shares (QQQU) is an exchange-traded fund in the Trading Leveraged Equity category. It has $77.47M in assets, an expense ratio of 0.98% and a 0.09% dividend yield. The index is designed to track the performance of the seven largest NASDAQ listed companies, as identified by Indxx. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. The fund is non-diversified.