Direxion Daily PANW Bull 2X ETF
PALU
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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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
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Mar 26, 2025
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily PANW Bull 2X Shares (PALU) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the common shares of Palo Alto Networks, Inc. (NASDAQ: PANW); the fund pursues this objective through investments comprising at least 80% of its net assets in financial instruments such as swap agreements, options, and securities of PANW, including growth and value stocks across diversified market capitalizations in the information technology, software and services sectors. Launched on March 26, 2025, as part of Direxion Shares ETF Trust, PALU targets experienced traders seeking amplified short-term exposure to PANW, a global cybersecurity provider offering next-generation firewalls, cloud security, and threat intelligence solutions to enterprises, service providers, and government entities. Direxion, founded in 1997 and headquartered in New York with additional offices in Boston, Milwaukee, and Hong Kong, manages approximately $50.6 billion in assets and operates globally, primarily serving active traders through its suite of leveraged and inverse ETFs. In March 2025, Direxion expanded its single-stock leveraged and inverse ETF lineup by launching PALU alongside the complementary Direxion Daily PANW Bear 1X Shares (PALD), Direxion Daily LLY Bull 2X Shares (ELIL), and Direxion Daily LLY Bear 1X Shares (ELIS), marking the first trading pair for Palo Alto Networks and extending coverage to pharmaceuticals and cybersecurity sectors. This launch reinforced Direxion's leadership in tactical trading tools amid ongoing product innovation, including subsequent additions such as Cisco and Qualcomm ETFs in June 2025, Boeing and Exxon Mobil in April 2025, and a new Titans Leveraged & Inverse ETF suite in October 2025 targeting top U.S. sector leaders. The funds maintain a net expense ratio of 0.97% through September 1, 2026, via an operating expense limitation agreement with adviser Rafferty Asset Management, LLC, and are traded on NASDAQ for intraday liquidity.