Direxion Daily CSCO Bull 2X ETF
CSCL
NASDAQ Global Select- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Feb 10, 2025
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily CSCO Bull 2X Shares (CSCL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the common shares of Cisco Systems, Inc. (NASDAQ: CSCO); the fund primarily invests in swap agreements with major global financial institutions, along with CSCO shares, cash equivalents, and U.S. Treasury securities, to achieve this leveraged exposure through daily rebalancing. Launched on June 25, 2025, as part of Direxion Shares ETF Trust, a series sponsored and managed by Rafferty Asset Management, LLC, the fund operates with a net expense ratio of 0.97% (excluding certain fees capped through September 1, 2026) and maintains high concentration in the information technology sector and networking/communications equipment industry. Headquartered in New York with additional offices in Boston and Hong Kong, Direxion was founded in 1997 and manages approximately $50.6 billion in assets as of June 30, 2025. CSCL targets sophisticated, short-term traders seeking amplified exposure to CSCO, a leading multinational technology conglomerate that designs and sells networking hardware, telecommunications equipment, and cybersecurity solutions; the fund holds top positions including multiple CSCO swap agreements (comprising over 200% notional exposure offset by derivatives), CSCO common stock (approximately 20%), and money market instruments such as Dreyfus Government Cash Management and Goldman Sachs Treasury funds. With total net assets of around $4 million and 150,000 shares outstanding as of late 2025, the fund trades on NASDAQ and emphasizes daily correlation rather than long-term holding due to compounding effects, leverage volatility, and absence of diversification benefits inherent in single-stock leveraged ETFs. In June 2025, Direxion launched CSCL alongside the companion Direxion Daily CSCO Bear 1X ETF (CSCS), as well as two leveraged/inverse ETFs tracking QUALCOMM Incorporated (QCOM), expanding its lineup of single-stock daily leveraged and inverse products for tactical trading in key technology names. Subsequent developments include a September 2024 partnership with SS&C ALPS Distributors to enhance ETF and mutual fund distribution, medallion services, FINRA compliance, and access to registered fund services, supporting Direxion's growth strategy. The firm continues active product innovation, with recent additions like Berkshire Hathaway and Palantir single-stock ETFs in December 2024, alongside executive appointments such as Chief Product Officer Mo Sparks in April 2025, amid $40-50 billion in assets under management.