Direxion Daily AMD Bull 2X ETF

Frequently Asked Questions About AMUU

What does AMUU invest in?

This Direxion fund, the Daily AMD Bull 2X ETF, aims to produce daily investment returns that are double (200%) the performance of Advanced Micro Devices, Inc. (AMD) common stock. In contrast, the Direxion Daily AMD Bear 1X ETF is structured to yield daily results that track 100% of the opposite movement of AMD shares. Both of these objectives are measured prior to the deduction of any fees and expenses.

What is the expense ratio of AMUU?

Direxion Daily AMD Bull 2X ETF (AMUU) charges an expense ratio of 1.16%. This is the annual fee deducted from fund assets to cover management and operations.

Is AMUU a good long-term hold?

AMUU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does AMUU's daily reset work?

AMUU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is AMUU?

Direxion Daily AMD Bull 2X ETF (AMUU) manages $64.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is AMUU actively managed or an index fund?

AMUU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.