The fund, listed on NYSE Arca, offers amplified exposure to the Texas-based space tech company.
Direxion, a New York-based provider of leveraged and inverse exchange-traded funds (ETFs), has broadened its single-stock leveraged portfolio lineup with the launch of the Direxion Daily SpaceX Bull 2X ETF (LOFF). LOFF has been listed on NYSE Arca since 15 June The fund seeks daily investment results of 2x (200%) of the daily performance in the share price of Space Exploration Technologies Corp (SpaceX), which recently went public in a record initial public offer (IPO). SpaceX is a Te