SPXL

The Direxion DIREXION DAILY S&P 500 BULL 3X SHARES (SPXL) is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 300% of the daily performance of the its benchmark index. The fund is managed by Direxion and was launched in an undisclosed date.

The fund tracks a benchmark index that defines the universe of eligible securities according to its published methodology.

SPXL is a leveraged ETF, which means that it uses derivatives to magnify its exposure to the underlying index. This can lead to significantly higher returns, but also to significantly higher risk.

This is used in this portfolio Insomniac