Direxion Daily BABA Bull 2X ETF
BABU
NASDAQ Global Market- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Direxion Daily BABA Bull 2X Shares (BABU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of the Alibaba Group Holding Limited American Depositary Receipts (ADRs). It provides amplified exposure to Alibaba's stock through swap agreements, futures, options, and other derivatives; rebalances its portfolio daily to maintain the 2x leverage target; and employs securities lending to generate additional income. The fund operates within the leveraged and inverse ETF segment of the financial services industry, targeting sophisticated investors such as traders and institutions seeking short-term tactical exposure to Alibaba's e-commerce, cloud computing, digital media, and entertainment businesses across China, Southeast Asia, Europe, and other international markets. Launched in 2025 and domiciled in the United States under the management of Direxion Shares ETF Trust, a subsidiary of Rafferty Asset Management, LLC headquartered in Dublin, Ohio. In early 2026, the fund underwent a ticker symbol change from its prior designation to BABU amid Direxion's ongoing expansion of single-stock leveraged ETF offerings, including new product launches tied to major tech and consumer names; it also announced strategic alliances with enhanced liquidity providers to improve trading efficiency and reduce tracking error in volatile markets.