Direxion Daily MSCI Mexico Bull 3X ETF
MEXX
New York Stock Exchange Arca- -
USD
- -
- -
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.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- May 3, 2017
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the MSCI Mexico IMI 25/50 Index, which measures the large-, mid-, and small-capitalization segments of the Mexican equity market covering approximately 99% of the free float-adjusted market capitalization of Mexican stocks traded primarily on the Mexican Stock Exchange; the fund invests at least 80% of its net assets in financial instruments such as swaps, futures, and other derivatives that provide 3X leveraged exposure to the index. Top holdings include Grupo Financiero Banorte (10.97%), Grupo Mexico Class B (8.67%), Fomento Economico Mexicano (8.36%), Walmex V (8.02%), and America Movil SAB de CV Series B (7.44%), with the fund exhibiting a non-diversified structure, quarterly dividend distributions, and an expense ratio of 1.24%. Launched on May 3, 2017, and listed on NYSE Arca, MEXX targets sophisticated traders seeking amplified short-term exposure to Mexican equities rather than long-term buy-and-hold investors due to daily leverage resets and associated risks including compounding effects and volatility decay. MEXX operates under Direxion Shares ETF Trust, issued by Direxion, a provider of leveraged and inverse ETFs founded in 1997 with headquarters in New York, New York, and approximately $48.6 billion in assets under management as of September 2024. Recent corporate developments for Direxion, the fund's sponsor, include a September 2024 partnership with SS&C ALPS Distributors for ETF and mutual fund distribution services, enhancing issuance, redemption, FINRA compliance, and market reach; multiple new single-stock leveraged and inverse ETF launches in 2025 such as those tied to Ford (July), Boeing and Exxon Mobil (April), and AMD (February); and executive appointments including Mo Sparks as Chief Product Officer in April 2025, alongside ongoing product expansions like the Titans suite in October 2025.