Direxion Shares ETF Trust - Direxion Daily SHOP Bull 1X Shares
SHPU
NASDAQ- -
USD
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Capital Structure
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 535 Madison Avenue, 37th Floor New York NY United States of America 10022
- IPO Date
- Aug 6, 2025
- Similar Companies
- Business
- Direxion Shares ETF Trust – Direxion Daily SHOP Bull 2X ETF is a non-diversified, exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of the common shares of Shopify Inc. (NASDAQ: SHOP). Trading on Nasdaq under the ticker SHPU, the Fund provides leveraged single-stock exposure designed for active, sophisticated traders seeking to express short-term bullish views on Shopify, a cloud-based commerce-platform provider serving merchants through subscription and merchant solutions. The Fund pursues its objective through investments that may include derivatives, such as swaps, and may hold cash, money-market instruments, U.S. government securities, and other short-term instruments for collateral, liquidity, and cash-management purposes. SHPU resets its leverage target daily; consequently, its performance over periods longer than one trading day may differ materially from 200% of Shopify’s cumulative performance due to daily rebalancing, compounding, volatility, fees, and transaction costs. The Fund is not a substitute for direct ownership of Shopify shares and is intended for investors that actively monitor leveraged positions. Direxion Daily SHOP Bull 2X ETF was launched on August 6, 2025, as part of Direxion’s introduction of four single-stock leveraged and inverse ETFs covering Shopify and Lockheed Martin, including the corresponding Direxion Daily SHOP Bear 1X ETF. The Fund is a series of Direxion Shares ETF Trust, a Delaware statutory trust headquartered at 535 Madison Avenue, New York, New York, and is advised by Rafferty Asset Management, LLC, doing business as Direxion. Direxion, founded in 1997, develops exchange-traded fund products for tactical trading and thematic-investment applications; its recent strategic activity includes continued expansion of its single-stock leveraged ETF lineup through launches of additional 2x daily bull products tied to individual U.S. and international equities.