Direxion Daily AVGO Bull 2X Shares (AVL)

Profile

Direxion Daily AVGO Bull 2X Shares is a leveraged exchange-traded fund designed to deliver twice the daily performance of Broadcom Inc. common stock before fees and expenses. The fund uses financial instruments such as swap agreements and options, and under normal circumstances invests at least 80% of its net assets, plus any borrowings for investment purposes, in AVGO-related securities and instruments. It is intended for short-term tactical exposure rather than long-term holding periods because its objective resets daily. As a single-stock ETF, Direxion Daily AVGO Bull 2X Shares gives market participants a concentrated way to gain amplified exposure to Broadcom, a major semiconductor and infrastructure software company whose shares are closely watched within the technology sector.