Direxion Daily S&P 500 Bull 2X Shares

SPUU

Market cap $200M

Overview Fund Activity

176.26 USD

-0.35

0.2%

At close Updated Sep 16, 4:00 PM EDT

Pre-market

After hours

176.16

-0.10

0.06%

1 day

-0.2%

5 days

1.91%

1 month

4.7%

3 months

18.49%

6 months

29.51%

Year to date

19.82%

1 year

27.8%

5 years

167.91%

10 years

434.93%

0

Funds holding %

of 7,463 funds

–

Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

247% more call options, than puts

Call options by funds: $704K | Put options by funds: $203K

160% more capital invested

Capital invested by funds: $13.8M [Q1] → $35.9M (+$22.1M) [Q2]

50% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 4

40% more first-time investments, than exits

New positions opened: 7 | Existing positions closed: 5

8.35% more ownership

Funds ownership: 11.85% [Q1] → 20.2% (+8.35%) [Q2]

5% more funds holding

Funds holding: 22 [Q1] → 23 (+1) [Q2]

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Financial journalist opinion

Erosion Goes On For SPUU

The Direxion Daily S&P 500 Bull 2X Shares ETF offers profitable swing trading in bull markets, but its 2X leverage causes performance drift and decay, especially in volatile or sideways markets. Leveraged ETF decay is mainly due to beta-slippage, with higher leverage and volatility increasing the negative drift over time. SPUU's historical and simulated returns show that long-term outperformance over SPY is minimal, with significant drawdowns and persistent negative drift.

Erosion Goes On For SPUU

Leveraged ETFs Report And Focus On SPUU: Not A Long-Term Investment

Leveraged ETFs like Direxion Daily S&P 500 Bull 2X Shares ETF (SPUU) can be profitable in trending markets but suffer from beta-slippage. This article reports the drifts of 22 leveraged ETFs. Those in semiconductors show particularly large decays. SPUU's 12-month drift has been almost continuously negative since January 2022, highlighting its risk as a long-term holding.

Leveraged ETFs Report And Focus On SPUU: Not A Long-Term Investment

2 S&P 500 ETFs for Growth and Leverage in a Hot Market

To put it mildly, it's been a very good couple of years for the S&P. Following a tepid 2022, the banner S&P 500 index has accelerated growth from 2023 into 2024.

2 S&P 500 ETFs for Growth and Leverage in a Hot Market

SPUU Ongoing Decay And Leveraged ETFs Monthly Watchlist

Direxion Daily S&P 500® Bull 2X Shares ETF magnifies returns in uptrends, but suffers from drift due to beta-slippage. Drift analysis reveals that leveraged ETFs in high-volatility industries experience significant decay, while steady trends can result in positive drift. SPUU has been profitable since inception, but shows concerning long-term performance and high draw-downs, making it suitable only for seasoned investors.

SPUU Ongoing Decay And Leveraged ETFs Monthly Watchlist

SPUU: Volatility With Results And Strong Momentum Can Be Opportunities

The S&P 500 is highly concentrated in its top 10 companies, with five releasing results this week, boosting confidence. The put/call ratio of 1.43x, below the historical average, indicates strong market confidence, supporting a short-term investment strategy. Despite the risks of leveraged ETFs, the potential for a 24% target appreciation makes this an attractive opportunity for daring investors.

SPUU: Volatility With Results And Strong Momentum Can Be Opportunities

SPUU Is Still In Negative Drift Mode: August Leveraged ETFs Dashboard

Leveraged ETFs have an unpredictable, path-dependent drift. This article series reports a monthly drift dashboard with 22 of them. Leveraged ETFs in semiconductors show the largest decay in July.

SPUU Is Still In Negative Drift Mode: August Leveraged ETFs Dashboard

3 Leveraged ETFs That Aggressive Investors Should Be Buying Now

If you're interested in private equity, there might be a cheaper solution through these three leveraged ETFs to buy. What does that have to do with private equity?

SPUU Erosion Is Advancing: May Drift Dashboard

Leveraged ETFs have a path-dependent drift: here is a dashboard with 22 of them. Leveraged ETFs in semiconductors, biotechnology and silver show the largest drifts. The Direxion Daily S&P 500® Bull 2X Shares ETF has suffered from decay recently, and its drift has deteriorated recently.

Zacks Investment Research

Leveraged ETFs to Ride on S&P's New 5,200 Milestone

The S&P 500 Index closed above 5,200 for the first time ever, following the Fed's signal to cut interest rates. This will mark the end of the most aggressive Fed hiking cycle and fuel corporate profits.

January FOMC Meeting Review: The 'Fed-Amental' Attribution Error

The Federal Reserve kept rates steady and maintained a hawkish stance toward inflation while acknowledging an outstanding economy and progress in vanquishing inflationary pressure. Expectations for rate cuts in March were dampened by a change in statement language and Powell's comments in the press conference.

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