Copy and Paste from Reuters
Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp, the financial products provider said on Wednesday, seeking to capitalize on excitement over developments in artificial intelligence that helped boost stocks this year.
The Direxion Daily NVDA Bull 1.5x Shares ETF (NVDU) seeks to deliver 1.5 times the price return of daily moves in Nvidia’s shares, which have more than tripled year-to-date. Meanwhile, the Direxion Daily NVDD Bear 1x Shares ETF allows bearish investors to profit when Nvidia’s shares decline.
Direxion is rolling out two new exchange-traded funds (ETFs) tied to the price movement in shares of Nvidia Corp, the financial products provider said on Wednesday, seeking to capitalize on excitement over developments in artificial intelligence that helped boost stocks this year.
The Direxion Daily NVDA Bull 1.5x Shares ETF (NVDU) seeks to deliver 1.5 times the price return of daily moves in Nvidia’s shares, which have more than tripled year-to-date. Meanwhile, the Direxion Daily NVDD Bear 1x Shares ETF allows bearish investors to profit when Nvidia’s shares decline.
