Direxion Daily FTSE Europe Bull 3X ETF
EURL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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
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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 NY United States of America 10019
- IPO Date
- Jan 22, 2014
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the FTSE Developed Europe All Cap Index, a market capitalization-weighted benchmark measuring the equity performance of large-, mid-, and small-cap companies across developed European markets including the United Kingdom, Germany, France, Switzerland, and the Netherlands; the fund achieves this leveraged exposure primarily through derivatives such as swaps and futures, alongside investments in underlying ETFs like the Vanguard FTSE Europe ETF, cash management instruments, and collateral holdings. Launched on January 22, 2014, and domiciled in the United States, EURL trades on the NYSE Arca exchange with a net expense ratio of 1.05%, managed by Rafferty Asset Management, LLC as part of the Direxion Shares ETF Trust, and targets sophisticated investors pursuing short-term tactical trading strategies amid European equity market volatility. The fund distributes quarterly income dividends, with recent payouts including $0.30093 per share in June 2025 and $0.11762 in March 2025, reflecting its focus on daily leveraged bull exposure rather than long-term holding. In recent developments, Direxion has expanded its broader leveraged and inverse ETF lineup through multiple single-stock product launches in 2025, including pairs for Ford (July), Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), Eli Lilly and Palo Alto Networks (March), and AMD (February), alongside appointing Mo Sparks as Chief Product Officer in April 2025 to drive product innovation. The firm also announced the closure of select underperforming ETFs such as OOTO and CLDL in June 2025, and three additional funds in October 2025 due to insufficient assets, underscoring ongoing portfolio optimization efforts; additionally, Rafferty Asset Management extended an operating expense limitation agreement through September 1, 2026, capping EURL's total annual operating expenses at 0.95% excluding certain costs. These strategic shifts align with Direxion's emphasis on high-conviction, short-term trading tools amid managing approximately $57.4 billion in assets as of September 2025.