Direxion Daily Homebuilders & Supplies Bull 3X ETF

Frequently Asked Questions About NAIL

What does NAIL invest in?

The Direxion Daily Homebuilders & Supplies Bull 3X ETF is designed to provide daily investment outcomes that are triple (300%) the performance of the Dow Jones U.S. Select Home Construction Index, prior to accounting for fees and expenses. It is important to note, however, that there is no assurance the fund will always achieve its stated investment objectives.

What is the expense ratio of NAIL?

Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) charges an expense ratio of 0.96%. This is the annual fee deducted from fund assets to cover management and operations.

Is NAIL a good long-term hold?

NAIL 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 NAIL's daily reset work?

NAIL 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 NAIL?

Direxion Daily Homebuilders & Supplies Bull 3X ETF (NAIL) manages $547.3M 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 NAIL actively managed or an index fund?

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