- What does UNHU invest in?
- The Direxion Daily UNH Bull 2X ETF is designed to provide investors with a daily return that precisely doubles (200%) the performance of UnitedHealth Group Incorporated's common stock (NYSE: UNH), calculated before any fees or operational costs are subtracted.
- What is the expense ratio of UNHU?
- Direxion Daily UNH Bull 2X ETF (UNHU) charges an expense ratio of 0.99%. This is the annual fee deducted from fund assets to cover management and operations.
- Is UNHU a good long-term hold?
- UNHU 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 UNHU's daily reset work?
- UNHU 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 UNHU?
- Direxion Daily UNH Bull 2X ETF (UNHU) manages $3.5M 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 UNHU actively managed or an index fund?
- UNHU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
