Direxion Daily Homebuilders & Supplies Bull 3X ETF
NAIL
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
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Aug 19, 2015
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Dow Jones U.S. Select Home Construction Index. The fund provides exposure to U.S. companies engaged in home construction and related activities, including homebuilders; producers, sellers, and suppliers of building materials, furnishings, and fixtures; and home improvement retailers, encompassing large-, mid-, and small-capitalization firms across sectors such as homebuilding (approximately 65%), building products (16%), home improvement retail (10%), specialty chemicals (5%), home furnishings (2%), and construction materials (1%). Top holdings typically include D.R. Horton, Lennar Corporation, PulteGroup, NVR, Toll Brothers, Home Depot, Lowe's Companies, and Sherwin-Williams, with the fund employing financial instruments like swaps and derivatives to achieve its leveraged target; it maintains a net expense ratio of 0.95%, assets under management around $680-710 million, and trades on NYSE Arca. Launched on August 19, 2015, and managed by Rafferty Asset Management, LLC, with distribution by ALPS Distributors, Inc., the fund is headquartered in Wilton, Connecticut, as part of Direxion Shares, and targets sophisticated investors aware of leverage risks, daily correlation objectives, and heightened volatility not suitable for periods beyond one trading day. Recent developments include ongoing quarterly income distributions, such as $0.186 on July 1, 2025; $0.448 on April 1, 2025; $0.056 on December 31, 2024; and $0.263 on October 1, 2024, alongside an extension of the operating expense limitation agreement through September 1, 2026, to cap total annual operating expenses at 0.95% (excluding certain costs like taxes and acquired fund fees). The fund launched a new ETF Alert Service in January 2024 for real-time price and volume notifications via text, enhancing trader accessibility amid volatile performance, including a year-to-date decline of approximately 36-42% as of mid-2025 and significant sector exposure to interest rate-sensitive homebuilding dynamics. No major acquisitions, new product launches, or structural reorganizations have been reported in the past 1-2 years, with focus remaining on daily leveraged tracking of the index amid broader monetary policy shifts impacting home construction sentiment.