Direxion Daily SpaceX Bull 2X ETF
LOFF
New York Stock Exchange Arca21.31
USD
-10.48
- -
Direxion Daily SpaceX Bull 2X ETF
LOFF
(New York Stock Exchange Arca)
Recent
price
21.31
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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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.- Similar Companies
- Business
- Direxion Daily SpaceX Bull 2X ETF (LOFF) operates as a leveraged exchange-traded fund designed to provide 2x the daily performance of SpaceX Class A common stock (SPCX), subject to significant compounding and volatility risks. The fund seeks leveraged exposure to SpaceX via a single-issuer structure intended to capture near-term upside and downside movements, with risks including amplified losses and potential tracking error relative to SPCX on a daily basis. LOFF targets institutional and retail investors seeking amplified exposure to SpaceX’s equity performance, and it trades on a U.S. exchange with daily rebalancing to maintain its 2x objective. Main products and services - Leveraged equity exposure: 2x daily performance of SpaceX (SPCX) through the LOFF ETF structure - Investment vehicle administration: fund management, regulatory compliance, disclosures, and investor communications - Trading and market access services: listing on a U.S. exchange, intra-day liquidity, bid-ask mechanisms, and market-making support - Risk disclosures and availability: standardized risk warnings, prospectus disclosures, and ongoing investor education materials - Related fund operations: creation/redemption processes, ETF custodial and collateral arrangements, and accounting/nav reporting Latest major company changes - Strategic positioning around SpaceX leverage: weiterhin emphasizing 2x exposure to SPCX in response to SpaceX IPO and subsequent market activity; ongoing adaptations to liquidity and trading conditions as the SpaceX narrative evolves - Product and structure updates: periodic updates to risk disclosures, prospectus amendments, and potential adjustments to tracking methodology or rebalancing schedules to align with regulatory guidance and market dynamics - Market developments: heightened volatility and IPO-related trading dynamics around SpaceX may influence LOFF’s premium/discount patterns, liquidity, and bid-ask spreads on the trading venue - Regulatory and governance events: standard ETF governance practices, annual and interim reporting, and compliance with U.S. ETF rules and exchange requirements Additional context - Industry and segments: exchange-traded funds; leveraged and inverse products; equity-backed catalysts - Target markets: institutional investors seeking tactical, short-term leveraged exposure; sophisticated retail investors with appetite for high-risk, high-volatility strategies - Geographic operations: United States; trading and listing on a U.S. exchange; regulatory oversight by U.S. securities authorities - Founding year and headquarters: LOFF is a product of Direxion Shares ETF Trust, a U.S.-based fund sponsor; headquarters and primary operations are in the United States - Subsidiaries/parent relationships: Direxion is the sponsor and manager; LOFF operates as part of the Direxion ETF family under the sponsor’s umbrella Note: Information reflects LOFF’s status around SpaceX leverage, the ETF’s design, and recent market movements related to SpaceX as of the latest public disclosures and market activity.
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