Direxion filed in February for 24 ETFs based on eight specific stocks: Amazon, Meta Platforms, Alphabet, Microsoft, Netflix, Nvidia, Apple and Tesla. Direxion plans to offer funds that double the downside, double the upside for each of those stocks.
Direxion Single Stock ETFs on the Way
ETF Newz Says:
These ETFs are really designed for traders. “Most of our ETFs are tools for traders, people who can manage their portfolios on a daily basis, to make decisions either to amplify exposure or to hedge other risk in their portfolios,” David Mazza of Direxion said in a Monday interview. You can see the Amazon ETF being extremely popular with their split comming up.