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SHPU provides 2x daily leveraged exposure to Shopify Inc. (SHOP), primarily using swaps and options. For liquidity, it may also hold high-quality, short-term debt instruments or money market funds. The fund rebalances daily to maintain its leveraged target. If SHOP moves more than 50% adversely in a day, investors could lose all their money, but the fund seeks to prevent gains or losses over 90% in a single day. Returns over periods longer than one day will differ from 2X the return of Shopify due to compounding and volatility. The Fund does not generally take defensive positions.
Is SHPU'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.
Shares of Shopify Inc. (SHOP) surged last week after the Canadian e-commerce technology provider delivered an estimate-thumping second-quarter earnings report. That allayed investors' fears about the company's purported artificial intelligence (AI) vulnerabilities.
Count Shopify Inc. (SHOP) among the stocks that have been caught up in fears of artificial intelligence (AI) disruption. Shares of the Canada-based e-commerce infrastructure and platform provider have lost nearly a third of their value this year as investors sized up AI-related threats.
On Wednesday, Direxion further expanded its library of leveraged and inverse ETFs with the launch of four new funds. Each of these new funds provides either leveraged or inverse results to the daily performance of one of two companies.