DRN: Economic Scenario Unfavorable For Leveraged Bull Diversified REIT ETFs

Personal Finance

Direxion Daily Real Estate Bull 3x Shares ETF (NYSEARCA:DRN) seeks daily investment results, before fees and expenses, of 300% of the performance of the Real Estate Select Sector Index. DRN was launched by Direxion Investments on July 16, 2009 and is domiciled in the United States. The fund invests in derivatives in stocks of companies operating across all segments of real estate investment trusts (REITs). As a 3x leveraged ETF, the fund by default has a high expense ratio of 0.96 percent.

seekingalpha.com     Jun 28, 2022