Direxion will launch a 2X leveraged ETF tomorrow


Direxion has updated its filing on the Daily S&P 500 Bull 2X Shares (SPUU) and plans to roll out the fund on May 28th.

Originally planned as the Direxion Daily Large Cap Bull 2X Shares with the proposed ticker of SFVL, SPUU will now track double the returns of the S&P 500.

The issuer is probably best know for its 3X leverage offerings and SPUU will be the first of its ETFs to offer 2X exposure.

ETFs tracking the S&P 500: SPY, SH, SSO, SDS, VOO, IVV, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, SFLA, SPLX, BXUC

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