Direxion Daily S&P 500 Bull 3X Shares
New York Stock Exchange ArcaCapital Structure
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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
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Nov 5, 2008
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily S&P 500 Bull 3X Shares (SPXL) is a leveraged exchange-traded fund (ETF) issued by Direxion Shares ETF Trust that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the S&P 500 Index. SPXL employs financial derivatives, including swaps on the S&P 500 Index and related ETFs, to achieve its daily leveraged objective while remaining fully invested consistent with its goal; it distributes income dividends quarterly, with recent payouts including $0.57306 per share on July 1, 2025, and long-term capital gains are not typically distributed. The fund targets sophisticated investors and active traders seeking magnified short-term exposure to large-cap U.S. equities represented by the S&P 500 Index, which comprises leading issuers selected by market capitalization, financial viability, sector representation, liquidity, and share price, with top holdings such as Nvidia (7.36%), Microsoft (7.04%), and Apple (5.84%) and sector weightings led by Information Technology (33.13%). Direxion, founded in 1997 and headquartered at 1301 Avenue of the Americas in New York with additional offices in Boston and Hong Kong, operates globally through its leveraged and inverse ETFs listed primarily on NYSE Arca, managing approximately $48.6 billion in assets as of September 30, 2024. The firm specializes in non-traditional investment products across market cycles, including bull and bear funds with daily 2X and 3X leverage on sectors, single stocks, commodities, and broad indices; SPXL forms part of its flagship Daily Leveraged & Inverse ETF suite alongside its inverse counterpart, SPXS. In recent developments, Direxion launched multiple Single Stock Leveraged and Inverse ETFs in late 2024 and 2025, including pairs for Berkshire Hathaway and Palantir on December 11, 2024, and expansions for Palo Alto Networks, Eli Lilly, and others on March 26, 2025, enhancing its offerings for short-term tactical trading. The company selected SS&C ALPS Distributors in September 2024 to provide medallion distribution services, fund administration, and FINRA compliance support for its ETF and mutual fund lineup, strengthening its distribution strategy. Rafferty Asset Management, LLC, the investment adviser, maintains an Operating Expense Limitation Agreement through September 1, 2026, capping SPXL's total annual operating expenses at 0.95% (net expense ratio 0.87%, excluding certain costs).
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