Direxion Shares ETF Trust - Direxion Daily LMT Bull 2X ETF
LMTL
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 535 Madison Avenue, 37th Floor New York NY United States of America 10022
- IPO Date
- Aug 6, 2025
- Similar Companies
- Business
- Direxion Shares ETF Trust—Direxion Daily LMT Bull 2X ETF is a U.S.-domiciled, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily performance of the common stock of Lockheed Martin Corporation (NYSE: LMT). The fund provides leveraged, single-stock equity exposure to Lockheed Martin, a U.S. aerospace and defense company, and is designed primarily for sophisticated investors and traders seeking short-term tactical exposure rather than long-term buy-and-hold investment exposure. The ETF pursues its objective through investments in Lockheed Martin common shares and derivatives and financial instruments, including swap agreements and options, and may hold cash, money-market instruments and other short-term investments for liquidity, collateral and cash-management purposes. Under normal circumstances, it invests at least 80% of net assets, plus borrowings for investment purposes, in Lockheed Martin securities and financial instruments that collectively provide 2x daily leveraged exposure to Lockheed Martin. The fund resets its leverage exposure daily; consequently, returns for periods longer than one day can differ materially from twice the cumulative return of Lockheed Martin due to daily compounding and volatility. Direxion Daily LMT Bull 2X ETF trades on the Nasdaq Stock Market under the ticker LMTL and is advised by Rafferty Asset Management LLC, which operates under the Direxion brand; Direxion Shares ETF Trust is headquartered in New York, New York. The fund commenced trading on August 6, 2025, representing a recent expansion of Direxion’s leveraged single-stock ETF product range. Its latest principal business development is its August 2025 launch and Nasdaq listing as a dedicated 2x daily bullish investment vehicle tied to Lockheed Martin common stock; as of the latest available issuer materials, the fund maintains a gross expense ratio of 2.47% and a net expense ratio of 1.07%.