Direxion Daily MSCI Developed Markets Bull 3X Shares
DZK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Jan 2, 2009
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily MSCI Developed Markets Bull 3X Shares (DZK) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI EAFE Index, which tracks developed market equity indices outside of North America. The fund invests directly in securities, derivatives such as swaps and futures contracts, and other investment funds to achieve its leveraged exposure to growth and value stocks across diversified sectors and market capitalizations in the global ex-US and Canada region. Launched on December 17, 2008, by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, it is domiciled in the United States with headquarters operations in New York. The ETF provides tactical trading tools for investors targeting amplified daily returns from large-, mid-, and small-cap companies in developed markets including Europe, Australasia, and the Far East; it primarily serves sophisticated traders comfortable with high volatility, substantial risks of loss, and daily rebalancing effects that may compound over time. Core holdings are concentrated in index-tracking instruments, with derivatives enabling the 3X bull leverage while maintaining a passive management style. Direxion Shares ETF Trust faced low assets under management challenges with DZK, as evidenced by a 2020 board decision recommending its liquidation alongside other underperforming funds like LACK and JPNL, though subsequent trading data indicates continued availability on exchanges. In 2025, Direxion expanded aggressively with multiple new product launches, including single-stock leveraged and inverse ETFs for Ford (July), Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), Eli Lilly and Palo Alto Networks (March), AMD (February), and Berkshire Hathaway with Palantir (December 2024), alongside the Titans Leveraged & Inverse ETF suite (October). The firm also appointed Mo Sparks as Chief Product Officer in April 2025 and announced closures of unrelated ETFs OOTO and CLDL in June 2025, reflecting ongoing portfolio optimization.