- 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
- May 3, 2017
- Business
- Direxion Daily Industrials Bull 3X Shares (DUSL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Industrials Select Sector Index. The fund provides amplified exposure to U.S. industrials sector companies across subsectors including aerospace and defense, machinery, ground transportation, electrical equipment, professional services, commercial services and supplies, building products, industrial conglomerates, air freight and logistics, trading companies and distributors, passenger airlines, construction and engineering, and electronic equipment, instruments and components; top index holdings include GE Aerospace, Uber Technologies Inc, Raytheon Technologies Corporation, Caterpillar, Boeing, Honeywell International, GE Vernova, Eaton Corporation Plc, Union Pacific, and Deere. Launched on May 3, 2017, and domiciled in the United States with primary listing on NYSE Arca, DUSL operates as part of Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, with total net assets of approximately $40 million and a net expense ratio of 0.98%.
The fund targets sophisticated investors seeking short-term trading opportunities in the industrials sector, utilizing financial instruments such as swap agreements, futures contracts, options, reverse repurchase agreements, exchange-traded funds, and other derivatives to achieve its daily leveraged objective, while remaining fully invested consistent with its goal and investing remainder assets in money market funds or depository instruments.
In September 2024, Direxion, the fund sponsor, selected SS&C ALPS Distributors to provide medallion distribution services, acting as underwriter for issuance and distribution while handling FINRA compliance and education requirements, enhancing Direxion's fund distribution model and strategy through access to SS&C's Registered Fund Services for mutual funds, interval funds, and ETFs. Recent operational updates for Direxion include the launch of new single stock daily leveraged and inverse ETFs targeting companies such as Cisco and Qualcomm in June 2025, Boeing and Exxon Mobil in April 2025, and Eli Lilly and Palo Alto Networks in March 2025, alongside the appointment of Mo Sparks as Chief Product Officer in April 2025 to drive product innovation. The fund maintains ongoing distributions, with recent payouts including an income dividend of $0.20811 on July 1, 2025, and a short-term capital gain of $3.22470 on December 19, 2024.