The Direxion Daily S&P 500 Bull 3X Shares (SPXL) is an exchange-traded fund (ETF) that seeks daily investment results, three times (3x) the performance of the S&P 500 Index. The fund is managed by Direxion Investments and was launched in 2008.

The S&P 500 Index is a market-capitalization-weighted index that measures the performance of the 500 largest U.S. publicly traded companies. The index is a popular benchmark for many investors.

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.