Direxion Daily S&P 500 Equal Weight Bull 2X Shares
EVEN
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
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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
- IPO Date
- Jan 20, 2022
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily S&P 500 Equal Weight Bull 2X Shares (NYSEARCA:EVEN) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the S&P 500 Equal Weight Index, which provides equally weighted exposure to the approximately 500 large-cap U.S. companies in the S&P 500; the fund employs swap agreements, futures contracts, options, and other financial instruments to achieve its leveraged objectives and holds a concentrated portfolio typically consisting of two holdings representing 100% of assets in top positions. EVEN forms part of the broader Direxion Shares ETF Trust suite of leveraged and inverse ETFs managed by Rafferty Asset Management, LLC, targeting sophisticated investors and traders seeking amplified short-term market exposure in equity sectors; it operates within the financial services industry, serving institutional and retail customers primarily in the United States through NYSE Arca exchange trading. Launched on January 20, 2022, the fund is domiciled in the United States and maintains assets under management of approximately $1.97 million with a net expense ratio of 1.07%. Direxion, the ETF sponsor founded in 1997 and headquartered at 1301 Avenue of the Americas in New York, New York, with additional offices in Boston, Massachusetts, Milwaukee, Wisconsin, and Hong Kong, oversees EVEN alongside over 50 leveraged and inverse ETFs offering 2X and 3X daily exposures to indices, sectors, single stocks, commodities, and thematic strategies such as uranium, airlines, and technology firms including recent launches tied to Ford (F), Cisco (CSCO), Qualcomm (QCOM), Boeing (BA), Exxon Mobil (XOM), Eli Lilly (LLY), Palo Alto Networks (PANW), Berkshire Hathaway (BRKB), and Palantir (PLTR). The firm manages roughly $50.6 billion in assets as of June 30, 2025, emphasizing product innovation for conviction-driven trading. Geographically, Direxion's products trade globally but primarily target U.S. markets, with no subsidiaries or parent company affiliations publicly noted beyond the ETF trust structure. In recent developments, Direxion has expanded its single-stock leveraged and inverse ETF lineup throughout 2025, including launches in July for Ford, June for Cisco and Qualcomm, April for Boeing and Exxon Mobil, March for Eli Lilly and Palo Alto Networks, and February for AMD, alongside appointing Mo Sparks as Chief Product Officer in April and partnering with SS&C ALPS Distributors in September 2024 for enhanced medallion distribution and fund services to support growth. The company has also announced closures of underperforming ETFs due to limited assets, such as three funds in October 2025, two in June 2025 (OOTO and CLDL), reflecting ongoing portfolio optimization by Rafferty Asset Management. These strategic moves underscore Direxion's focus on high-conviction, liquid products amid managing approximately $47 billion in assets as of December 31, 2024.