Direxion launched the Direxion Daily SpaceX Bear 2X ETF (LOFD) on Aug. 6, designed to deliver 200% of the inverse of SpaceX’s (SPCX) daily performance. As a leveraged single-stock ETF product addition, it is unlikely to materially move broader markets, but could affect near-term sentiment/flows around SPCX.
Direxion launched the Direxion Daily SpaceX Bear 2X ETF (LOFD) on Aug. 6, designed to deliver 200% of the inverse of SpaceX’s (SPCX) daily performance. As a leveraged single-stock ETF product addition, it is unlikely to materially move broader markets, but could affect near-term sentiment/flows around SPCX.
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