Direxion Daily MSCI Emerging Markets Bull 3X Shares
New York Stock Exchange ArcaCapital 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.- CEO
- Daniel O'Neill
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Dec 30, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the MSCI Emerging Markets Index, a free float-adjusted market capitalization-weighted index designed to represent large- and mid-capitalization securities across emerging markets countries including China, Taiwan, India, South Korea, Brazil and others. The fund provides leveraged exposure to companies operating in diversified sectors within emerging markets, utilizing derivatives such as swaps and futures, and targets sophisticated investors seeking amplified short-term trading opportunities in bull market conditions; its counterpart, Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ), offers inverse exposure. Launched on December 17, 2008 by Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, the ETF trades on the NYSE Arca with a gross/net expense ratio of 1.08%, assets under management of approximately $87.70 million as of recent data, and quarterly income distributions such as $0.24886 paid on July 1, 2025. Headquartered in New York with additional offices in Boston and Hong Kong, Direxion specializes in leveraged and inverse ETFs across various asset classes for global investors. Recent major developments for Direxion Shares ETF Trust include multiple single-stock leveraged and inverse ETF launches in 2025, such as those providing exposure to Ford (July), Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), Eli Lilly and Palo Alto Networks (March), and AMD (February); operational actions like ETF closures (e.g., OOTO and CLDL in June 2025, three others in October 2025), reverse splits (e.g., KORU in February 2025), and executive appointments including Mo Sparks as Chief Product Officer (April 2025), alongside an ETF Alert Service rollout in January 2024, though no specific changes directly impact EDC.
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