LOFF

Direxion Daily SpaceX Bull 2X ETF is an actively managed, single-stock leveraged fund designed to seek daily investment results, before fees and expenses, of 200% of the daily performance of the common shares of Space Exploration Technologies Corp. The fund systematically utilizes swap agreements and other financial derivatives to achieve its daily leveraged investment objective, concentrating its entire exposure on a single issuer rather than an index and exposing investors to heightened compounding and daily rebalancing risks.