Direxion is launching four new single-stock leveraged ETFs on Wednesday, providing traders with amplified exposure to some of the most closely followed companies in semiconductors, e-commerce, and digital finance. The new products seek to achieve twice (2X) their underlying stock's daily performance.
The newly launched ETFs include the Direxion Daily ASML Bull 2X ETF (NASDAQ:ASMU), Direxion Daily BABA Bull 2X ETF (NASDAQ:BABU), Direxion Daily MRVL Bull 2X ETF (NASDAQ:MRVU), and Direxion Daily SOFI Bull 2X ETF (NASDAQ:SOFA). As the ETFs suggest, each of the funds are tied to ASML Holding (NASDAQ:ASML), Alibaba Group Holding Ltd (NYSE:BABA), Marvell Technology Inc (NASDAQ:MRVL), and SoFi Technologies Inc (NASDAQ:SOFI), respectively. Each of these companies are associated with major structural themes such as artificial intelligence infrastructure, the growth of internet commerce, and the growth of digital financial services.
However, these ETFs are meant to be used for short-term tactical trading rather than long-term investing.
Focus On Digital Economy Leaders
Direxion emphasized that the chosen companies are at the core of the developing digital landscape. ASML and Marvell are heavily integrated with the progress of semiconductor technology and AI computing, while Alibaba represents global e-commerce scale and SoFi reflects ongoing fintech disruption.
According to Mo Sparks, chief product officer at Direxion, investors will now have the precise tools to trade short-term bullish views in the stocks behind these growth trends.
This launch brings Direxion’s range of single stock leveraged ETFs to 55 funds, spanning sectors such as technology, energy, aerospace, automotive, online commerce, and cryptocurrency-based businesses.
As overall volatility in AI, semiconductor, Chinese tech, and fintech stocks persists, the latest launches reflect how ETF providers continue packaging high-conviction trades into exchange-traded product formats, which involves speed and flexibility, along with effective risk management strategies.
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