Direxion Daily BA Bull 2X ETF

Frequently Asked Questions About BOEU

What does BOEU invest in?

This Direxion Daily BA Bull 2X ETF, along with its corresponding Direxion Daily BA Bear 1X ETF, is structured to achieve specific daily investment outcomes. Prior to accounting for fees and expenses, these funds aim to deliver returns equivalent to 200% (for the Bull ETF) and 100% of the inverse (or opposite) performance (for the Bear ETF), respectively, of The Boeing Company's common stock (NYSE: BA) over a single trading day.

What is the expense ratio of BOEU?

Direxion Daily BA Bull 2X ETF (BOEU) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations.

Is BOEU a good long-term hold?

BOEU 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 BOEU's daily reset work?

BOEU 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 BOEU?

Direxion Daily BA Bull 2X ETF (BOEU) manages $20.2M 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 BOEU actively managed or an index fund?

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