PortfolioPlus Developed Markets ETF
PPDM
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- IPO Date
- Feb 15, 2018
- CIK
- 0001424958
- Similar Companies
- Business
- PortfolioPlus Developed Markets ETF (PPDM) seeks daily investment results, before fees and expenses, equal to 135% of the performance of the FTSE Developed All Cap ex US Index, a market-capitalization weighted index representing large-, mid-, and small-capitalization companies in developed markets outside the United States; the fund invests directly in stocks, through derivatives, and other funds tracking this benchmark, targeting sophisticated traders pursuing amplified short-term exposure to international developed equity markets. As part of Direxion Shares ETF Trust, PPDM offers leveraged equity products focused on global ex-US public equities, with primary customers including institutional and retail investors employing tactical trading strategies. The ETF operates primarily through NYSE Arca exchange trading in the United States. Direxion Shares ETF Trust, the issuer of PPDM, was established under Rafferty Asset Management, LLC as adviser, with administrative headquarters c/o Corporation Service Company in Wilmington, Delaware; Direxion traces its origins to 1997 when founded as Potomac Funds in Alexandria, Virginia, later expanding offices to New York City, Boston, and Hong Kong. In a major strategic shift, Direxion liquidated PPDM and 14 other ETFs in September 2020, ceasing trading on NYSE Arca on September 25, 2020, due to low assets under management and product review, marking the fund's delisting and closure with distributions to remaining shareholders. This reorganization reflected Direxion's focus on higher-conviction leveraged and inverse offerings, including ongoing launches of single-stock and sector ETFs post-2020. No subsequent relaunches or revivals of PPDM have occurred.