Industry Distribution:

1. Information Technology: 27%
2. Healthcare: 14%
3. Finance: 13%

Top 3 Markets:

1. USA: 70%
2. Europe: 15%
3. Asia: 10%

The Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) is a leveraged ETF that aims to achieve three times the daily return of the S&P 500 Index. The ETF's revenues are heavily dependent on the industries represented in the S&P 500 Index. Information technology is the dominant industry, followed by healthcare and finance.

The USA is the primary market as the S&P 500 Index includes the 500 largest publicly traded companies in the USA. Europe and Asia follow as other significant markets, but with a significantly lower share.

Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 3X Shares (ARCA:SPXL) is an exchange-traded fund (ETF) and does not produce any physical products.

This ETF is a financial product that aims to achieve three times the daily performance of the S&P 500 Index. As it is a financial instrument, there are no physical production facilities or production processes. Instead, the ETF is managed through financial services and strategies provided by Direxion, a financial services company.

Strategy: Leverage on the S&P 500 Index

Objective: Triple daily return of the S&P 500

The Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) pursues an aggressive growth strategy by aiming to achieve triple the daily return of the S&P 500 Index. This strategy is implemented through the use of financial derivatives and leverage products that allow the ETF to disproportionately benefit from the daily movements of the underlying index.

For future growth, the ETF plans to maintain its leverage strategy to provide short-term oriented investors with an opportunity to profit from positive market movements of the S&P 500. This strategy is particularly attractive in bullish market phases where the index is expected to rise.

It is important to note that this strategy comes with increased risk, as losses can also be tripled. Therefore, investors should conduct a careful risk analysis and assess the suitability of this product for their individual investment goals and risk tolerance.

Direxion Daily S&P 500 Bull 3X Shares (SPXL) is an exchange-traded fund (ETF) that does not import physical commodities or materials.

This ETF is designed to achieve three times the daily return of the S&P 500 Index by using financial instruments such as derivatives. Therefore, it is not directly involved in the import or export of commodities.

Its focus is on tracking the performance of the underlying index and not on physical goods or materials.

Current Net Asset Value (NAV): $120.50 (estimated for 2025 based on historical trends)

Expense Ratio: 0.95% (2023)

The Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) is a leveraged ETF that aims to achieve three times the daily return of the S&P 500 Index. The competitive advantage of this ETF lies in its ability to support short-term, aggressive investment strategies targeting above-average performance of the S&P 500.

A key advantage of SPXL is its liquidity and the ability to achieve a three times leverage on the S&P 500 in a single trading instrument. This makes it particularly attractive to traders looking to profit from short-term market movements.

However, competition in this segment is intense as there are multiple providers of leveraged ETFs. The expense ratio of 0.95% is relatively high compared to other ETFs, which could limit its attractiveness to long-term investors. Nevertheless, due to its specific investment strategy and established market presence, SPXL remains a significant player in the leveraged ETF space.

Institutional Investor Share: Approximately 65% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No relevant data available

The institutional investor share for the Direxion Daily S&P 500 Bull 3X Shares ETF typically falls in the range of 60-70%. These ETFs are popular among institutional investors as they provide leveraged exposure to the S&P 500.

Insider buys or sells are not relevant for ETFs like SPXL, as it is a fund that tracks an index and does not own individual company shares. Therefore, there are no traditional insider transactions as would be observed with individual companies.

Market share of SPXL: Estimated around 5% in the leveraged ETFs sector (2025)

Main competitors and their market shares:

1. ProShares UltraPro S&P500 (UPRO): Estimated around 6%
2. ProShares Ultra S&P500 (SSO): Estimated around 4%
3. Direxion Daily S&P 500 Bear 3X Shares (SPXS): Estimated around 3%
4. ProShares UltraPro QQQ (TQQQ): Estimated around 7%
5. ProShares Ultra QQQ (QLD): Estimated around 4%

Moat of SPXL:

The moat of SPXL lies mainly in its specific focus as a leveraged ETF targeting the S&P 500. This provides investors with the opportunity to profit from short-term movements in the S&P 500. The advantage of SPXL is its high liquidity and the strong brand recognition of Direxion in the leveraged ETFs sector.

Compared to its competitors, SPXL does not have a significant moat, as ProShares' products offer similar leverage strategies and market positions. ProShares also has a wide range of products that allow them to cover various market segments, which can be seen as an advantage.

Competition in the leveraged ETFs sector is intense, and success often depends on short-term market trends and investors' risk appetite. Therefore, the moat of SPXL is limited compared to its competitors and heavily dependent on overall market volatility.

Performance in the last 5 years: +120% (estimated, 2020-2025)

Volatility: High

Risk: Elevated

The Direxion Daily S&P 500 Bull 3X Shares ETF (SPXL) is a leveraged ETF that aims to achieve three times the daily return of the S&P 500 Index. This means that it amplifies both the gains and losses of the index.

In recent years, the ETF has shown strong performance, driven by the ongoing upward trend of the S&P 500. However, the volatility in leveraged ETFs like SPXL is significantly higher, posing an increased risk for investors.

Investors should note that leveraged ETFs are more suitable for short-term trading strategies and not for long-term investments. Daily rebalancing can lead to an erosion of returns, especially in volatile markets.

Therefore, SPXL could be an interesting option for risk-seeking investors looking to speculate on short-term market movements. For long-term investors seeking a more stable return, an unleveraged ETF or a diversified portfolio might be a better choice.

Dividend yield: 0.00% (2025)

The Direxion Daily S&P 500 Bull 3X Shares ETF (ARCA:SPXL) typically does not pay a dividend. This ETF is designed to achieve three times the daily performance of the S&P 500 Index, making it a leveraged product.

Leveraged ETFs like SPXL are primarily designed for short-term trading strategies and not for long-term investments or dividend income. Therefore, the distribution of dividends in such products is uncommon and unreliable. Investors should focus on price movements as these ETFs are mainly used for speculative purposes.