Market price, March 1-August 3rd. Bear 3X Shares. However, the strong bounce in July suggests the market may have already discounted the bad news. Select Home Construction Index.Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. The ETFs are non-diversified and include risks associated with concentration that results from an ETFs investments in a particular industry or sector which can increase volatility. Wall Street was upbeat last week due to better-than-feared corporate earnings, upbeat retail sales for the month of June and investors' beliefs that markets have reached a bottom. The Index may include large-, mid- or small-capitalization companies. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Direxion Daily Cnsmr Discret Bull 3XShrs. DAL does not maintain nor is it responsible for the contents of this Website, which has not been approved by the SFC. NAIL tracks the Dow Jones U.S. Editors note:Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. I am not receiving compensation for it (other than from Seeking Alpha). Having covered the tailwinds, let's now dive into some of the risks. Seeks to combine both fundamental and technical disciplines while making an investment/trading proposition. By using this site you agree to the
For the most recent month-end and standardized performance click here. Select Home Construction Index is a product of S&P Dow Jones Indices LLC (SPDJI), and has been licensed for use by Rafferty Asset Management, LLC (Rafferty). > 80% . Source: TradingView. An investor should carefully consider a Fund's investment objective, risks, charges, and expenses before investing. The stock price for . The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged investment results and intend to actively monitor and manage their investment. The Fund seeks daily investment results of 300% of the performance of the Dow Jones U.S. The ETF I'll be reviewing today - The Direxion Daily Homebuilders & Supplies Bull 3x Shares ETF (NYSEARCA:NAIL), is a leveraged play on the abovementioned index; the ETF looks to provide "daily . Interactive Chart for Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL), analyze all the data with a huge range of indicators. On the monthly charts, NAIL is currently in the middle of its broad long-run channel and is also witnessing some indecision, with neither the bulls nor the bears, able to exert any significant pressure. The Direxion Shares ETFs are not designed to track their respective underlying indices over a period of time longer than one day. The Direxion Shares ETFs are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk, consequences of seeking daily leveraged, or daily inverse leveraged, investment results and intend to actively monitor and manage their investment. Direxion Daily MSCI Emerging Markets Bull 3X Shares. Distributor: Foreside Fund Services, LLC. Download the following Tax Reporting Documents. Companies within the Direxion Group which do not carry out regulated activities in Hong Kong are not subject to the provisions of the Ordinance. Most notably, though, is that the surge in mortgage rates has failed to curb the relentlessly strong housing demand, although it has taken a hit with both prices and sales declining. We highlight some best-performing leveraged equity ETFs from different corners of the market that gained more than 25% in October. ETFMG 2x Daily Travel Tech ETF. You agree that your use of this Website is subject to you reviewing and acknowledging the terms of this disclaimer and the websites terms of use. Visit a quote page and your recently viewed tickers will be displayed here. DAL is an affiliate of other companies within the Direxion Group companies which may manage the products and provide the services described herein, which are not directed to the general public in Hong Kong. The dire supply situation is reiterated by data from the US census bureau which shows that monthly supply of houses in the US (this ratio shows how long the "houses for sale" inventory would last in months, given the number of "houses currently being sold", and assuming no additional houses being built) at a little over 4 months is still inordinately low by historical standards, implying that much needs to be done to get the supply to more normal levels. 261.06M Summary: Neutral The investment seeks daily investment results of 300% of the daily performance of the Dow Jones U. Since this is a section on the tailwinds I will touch upon the weekly time frame of NAIL as it's the only one that suggests some bullish price action. This browser is no longer supported at MarketWatch. Also, given the presence of leverage (the ETF commonly uses swap agreements and futures contract), this is clearly not an ETF meant for everyone, more so if you're someone who is not into active management, or lack the time to track the performance on a daily basis (I will cover the leverage risk in detail in this article). Of course, a soft landing for the U.S. economy would mean not only lower mortgage rates but an increase in housing demand as economic conditions improve and the structural housing supply shortage remains. Overall, last week was upbeat for Wall Street with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 gaining about decently. 13.69 0.00 0.00%. Select Home Construction Index (DJSHMBT) measures U.S companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers. decide if they'd like to pursue this product at this juncture. Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) NYSEArca - Nasdaq Real Time Price. Active and frequent trading associated with a regular rebalance of a fund can cause the price to fluctuate, therefore impacting its performance compared to other investment vehicles. However, things reversed a bit in July as homebuilders were one of the best-performing sectors. But U.S. homebuyers are seeing their purchasing power squeezed by rising mortgage rates and inflation. -72.19. The last week was moderately upbeat for Wall Street. NAIL comes across as more of a hands-on trading vehicle, rather than a passive investment vehicle. GASL Daily Natural Gas Related Bull 3X Shares. The economic situation seemingly changes week-to-week lately in the U.S., and we have until September 21, the next Fed meeting, to judge how the Fed will react to the data coming out on a daily basis. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and . This Website does not provide investment advice or recommendations, nor is it an offer or solicitation of any kind to buy or sell any investment products. View NAIL exchange traded fund data and compare to other ETFs, stocks and exchanges. Subscriber Agreement & Terms of Use,
The use of derivatives such as futures contracts and swaps are subject to market risks that may cause its price to fluctuate over time. Log in for real time quote. The Fund is non-diversified and include risks associated with the Fund concentrating its investments in a particular industry, sector, or geography which can increase volatility. 5 Leveraged ETFs That Gained Double-Digits in December, Leveraged ETFs That Have More Than Doubled This Year, What Supply Chain Woes? View the best growth stocks for 2022 here. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. Select Home Construction Index is a product of S&P Dow Jones Indices LLC (SPDJI), and has been licensed for use by Rafferty Asset Management, LLC (Rafferty). The monthly chart gives you the long-term perspective, the weekly chart an intermediate perspective, and the daily chart the short-term perspective. Over recent months, some of these previously strong housing market indicators have begun to turn, implying that the momentum may be stalling. Even though the industry is still more than 200,000 jobs below its pre-pandemic level, the segment added 51,000 jobs in December, and other crucial sub-segments such as residential specialty trade contractors (+14000 jobs) and residential buildings (+9000), have now recouped the jobs lost in March and April. Direxion Daily Homebuilders & Supplies Bull 3X Shares advanced ETF charts by MarketWatch. In December, both the BLS non-farm payroll data and the ADP private payroll data came in significantly weaker than expected, and suggest that the employment situation remains fragile. The U.S. consumer and labor market are proving surprisingly resilient to what is a very hawkish Federal Reserve aggressively hiking rates to curb inflation. To obtain a Funds prospectus and summary prospectus call 866-476-7523 or visit our website at www.direxion.com. One of the standout motifs of 2020 was how resilient the US housing sector proved to be, particularly considering the broader economic weakness that was prevalent for much of the year. Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. In this article, I cover the major bullish and bearish angles that could impact NAIL. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 pm EST (when NAV is normally calculated) and do not represent the returns you would receive if you traded shares at other times. The Direxion Shares ETFs are not designed to track their respective underlying indices over a period of time longer than one day. Get Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL:NYSE Arca) real-time stock quotes, news, price and financial information from CNBC. Also, note that current levels are still quite high by historical standards; as you can see from the chart, from the start of 2016 till the pandemic earlier this year, this metric has tended to hover around a range of 98.7 to 115. The Fund is non-diversified and include risks associated with the Fund concentrating its investments in a particular industry, sector, or geography which can increase volatility. Investing in a Direxion Shares ETF may be more volatile than investing in broadly diversified funds. I wrote this article myself, and it expresses my own opinions. As you can see from the chart below, the current uptrend in the metric (since Jan 2019) is the longest it's seen since 2013, and is due a correction. This tends to serve as a precursor of future housing starts and home sales and leads these metrics by 1-2 months. With many signs like the inventory buildup among retailers pointing to inflation having peaked, the Fed may be able to engineer a soft landing sooner than many think. Financing conditions for future homebuilding continue to be extremely ripe with record-low mortgage rates. In addition to that, also consider that the home price to median household income ratio is currently at precariously high levels of 4x (a house in the US currently costs 4x the median annual income). The Direxion Daily Homebuilders & Supplies Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. The ETFs do not attempt to, and should not be expected to, provide returns which are a multiple of the return of their respective index for periods other than a single day. The Dow Jones U.S. a 1% decline in the index translates to a 3% decrease in your investment, without considering the costs of financing leverage and other operating costs). Historical and current end-of-day data provided by FACTSET. Exchange-traded funds with exposure to the residential construction industry surged Tuesday morning after the Federal Reserve cut interest rates. The Direxion Daily Homebuilders & Supplies Bull3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Foreside Fund Services, LLC is the distributor for the Direxion Shares in the United States only. A high-level overview of Direxion Daily Homebuilders & Supplies Bear 3x Shares ETF (CLAW) stock. Select Home Construction Index saw a total return of 16.6% in July, according to S&P Dow Jones Indices. Overall, I believe there are compelling arguments to be made for this ETF, both from the long side and short side perspectives, and will attempt to lay this out in this article. Still, amid rising mortgage rates, multiple hot CPI* prints, and a buildup of inventory, the American homebuyer is proving resilient and demand is still strong. To obtain a Fund's prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. Our leveraged ETFs are powerful tools built to help you: Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. ETF Database Themes Category Inverse Equities Inverse Yes Direxion Funds Risks An investment in the Funds involves risk, including the possible loss of principal. Student debt contributes to lower home ownership: Fed By Seeking Alpha - Jan 16, 2019. NAV and Market Price information as of . Direxion Manager Name/Start Year Brigandi (2015) Manager Name/Start Year Ng (2015) Inception Date 08/19/15 Phone Number 866-476-7523 Hong Kong Investors - This website and the investment products referenced herein ("Website") are directed to persons who are "Professional Investors" within the meaning of the Hong Kong Securities and Futures Ordinance (Cap. Of the 16 institutional investors that purchased Direxion Daily Homebuilders & Supplies Bull 3x Shares stock in the last 24 months, the following investors and hedge funds have bought the highest volume of shares: OLD Mission Capital LLC ($28.13K), Virtu Financial LLC ($20.05K), Creative Planning ($17.04K), Sowell Financial Services LLC ($14 . Select Home Construction Index (DJSHMBT) attempts to serve as an index proxy of this segment, covering US companies involved in housing sub-segments such as home building (~66% weightage in the index), building products (~14%), home improvement retail (~10%), specialty chemicals (~4%), home furnishing (~2%), distributors & traders (~2%), construction materials (~1%), and forest products (~1%). NAIL seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. 25/09 - Closed. Members' Sentiments: Bullish Bearish. Even a relatively flat performance can hurt you. Kun napsautat Hyvksy kaikki, hyvksyt sen, ett Yahoo ja kumppanimme ksittelevt henkiltietojasi ja nyttvt evsteiden kaltaisten tekniikoiden avulla sinulle rtlity mainontaa ja sislt sek hydyntvt nit tekniikoita mainosten ja sislln mittaamisessa, kohderyhmtiedoissa ja tuotekehityksess.
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