Frequently Asked Questions About EUFL

What does EUFL invest in?

The investment seeks daily investment results, of 200% of the daily performance of the MSCI Europe Financials Index. The fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a free float-adjusted, market capitalization-weighted index and represents securities of large-capitalization and mid-capitalization companies across developed market countries in Europe. The fund is non-diversified.

What is the expense ratio of EUFL?

Direxion Daily MSCI European Financials Bull 2X Shares (EUFL) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.

Is EUFL a good long-term hold?

EUFL 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 EUFL's daily reset work?

EUFL 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 EUFL?

Direxion Daily MSCI European Financials Bull 2X Shares (EUFL) manages $5.9M 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 EUFL actively managed or an index fund?

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

EUFL (Direxion Daily MSCI European Financials Bull 2X Shares) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

EUFL

Direxion Daily MSCI European Financials Bull 2X Shares

AMEX·Asset Management, Leveraged · Financial Services

$11.92$1.15−8.79%

Mar 27 8:00 PM UTC

Price Chart

$11.92−$1.15 (−8.79%)today

+0.00%

Select date range

FromTo

Jul 26, 2016Jul 23, 2021 → Jul 23, 2026· 5.0 yrsJul 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio1.15%

Cost per 10k Invested$115

AUM$5.93M

Avg Daily Volume—

Price$11.92

NAV$12.04

Premium / Discount−1.00%

52-Week Range$8.56 – $31.26

Beta1.95

Fund Overview

Cost Verdict

Is EUFL's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Direxion
Asset Class: Equity
Strategy: Leveraged
Inception: July 26, 2016
Fund Type: ETF
Domicile
Currency: USD
ISIN
CUSIP

Peers

Peers Tab

PPSC

PortfolioPlus S&P Small Cap ETF

Cap

$5.7M

CLDL

Direxion Daily Cloud Computing Bull 2X Shares

Cap

$5.5M

SILX

ETFMG Prime 2x Daily Junior Silver Miners ETF

Cap

$5.5M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About EUFL

What does EUFL invest in?: The investment seeks daily investment results, of 200% of the daily performance of the MSCI Europe Financials Index. The fund normally invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is a free float-adjusted, market capitalization-weighted index and represents securities of large-capitalization and mid-capitalization companies across developed market countries in Europe. The fund is non-diversified.
What is the expense ratio of EUFL?: Direxion Daily MSCI European Financials Bull 2X Shares (EUFL) charges an expense ratio of 1.15%. This is the annual fee deducted from fund assets to cover management and operations.
Is EUFL a good long-term hold?: EUFL 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 EUFL's daily reset work?: EUFL 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 EUFL?: Direxion Daily MSCI European Financials Bull 2X Shares (EUFL) manages $5.9M 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 EUFL actively managed or an index fund?: EUFL's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.