Direxion Daily SHOP Bull 2X ETF

SHPU

Market cap $12M

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.