Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares
XXCH
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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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
- Feb 7, 2024
- Similar Companies
- Business
- Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (XXCH) is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 200% of the performance of the MSCI Emerging Markets ex China Index. The fund invests directly in equities, derivatives such as swaps, and other funds targeting large- and mid-capitalization stocks across 23 emerging markets excluding China; key index holdings include Taiwan Semiconductor Manufacturing, Samsung Electronics, and HDFC Bank, with major sector weightings in information technology (30.05%), financials (26.71%), and industrials (7.89%). Managed by Rafferty Asset Management, LLC under the Direxion Shares ETF Trust, it features a net expense ratio of 1.15% and trades on the NYSE Arca exchange. Launched on February 7, 2024, XXCH targets sophisticated investors seeking leveraged exposure to emerging market equities outside China, including countries represented in the index such as Taiwan, India, South Korea, and Brazil. The ETF provides daily leveraged performance through financial instruments rather than physical replication, emphasizing short-term tactical trading rather than long-term holding due to compounding effects and volatility. Direxion, the brand issuer founded in 1997 and headquartered in New York, specializes in leveraged and inverse ETFs with approximately $57.4 billion in assets under management as of September 30, 2025. In a significant recent development, Direxion announced the closing of XXCH along with two other ETFs (WFH and EVAV), reflecting a strategic portfolio optimization amid market conditions. The fund distributed short-term capital gains of $2.22680 per share in December 2024 and income dividends in 2025 (e.g., $0.25370 in June and $0.09932 in March), while maintaining total net assets around $2.25 million USD as of early 2025. No major partnerships, acquisitions, or new product launches specific to XXCH were reported in the last 1-2 years beyond its initial launch.