Direxion Daily Cnsmr Staples Bull 3XShrs (NEED) Research

The Direxion Daily Consumer Staples Bull 3x Shares (NEED) seeks to achieve daily investment returns, prior to subtracting fees and expenses, that are three times (300%) the daily performance of the Consumer Staples Select Sector Index. To meet this objective, the fund typically allocates a minimum of 80% of its total assets to financial instruments and securities directly tied to the index, exchange-traded funds (ETFs) that track the index, and various other financial tools designed to provide magnified daily exposure to the index or its related ETFs. The underlying index comprises U.S.-based companies within the consumer staples sector, encompassing industries like food and staples retailing, household products, food products, beverages, tobacco, and personal care items. It is also worth noting that this fund operates as a non-diversified investment vehicle.

Market snapshot

Symbol
NEED
Price
$32.19
Day change
+0.11%
Market cap
$4.4M
52-week range
13.023-37.019
Sector
Financial Services
Industry
Asset Management - Leveraged

Peer companies

  • ProShares Short Oil & Gas (DDG)
  • ProShares UltraPro Short Financial Select Sector (FINZ)
  • Global X Financials Covered Call & Growth ETF (FYLG)
  • KraneShares MSCI China ESG Leaders Index ETF (KESG)
  • IQ U.S. Mid Cap R&D Leaders ETF (MRND)
  • Fount Metaverse ETF (MTVR)
  • Direxion Daily Travel & Vacation Bull 2X Shares (OOTO)
  • Principal Sustainable Momentum Index ETF (PMOM)

Open Direxion Daily Cnsmr Staples Bull 3XShrs (NEED) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.