About Direxion Daily MSCI Real Estate Bull 3X Shares (DRN)

The Direxion Daily MSCI Real Estate Bull 3X Shares (DRN) is an exchange-traded fund (ETF) that seeks to provide investors with a leveraged way to gain exposure to the MSCI US IMI Real Estate 25/50 Index. This index includes companies that are involved in the ownership, development, and management of real estate properties. DRN aims to deliver 3 times the daily performance of the index, which means that if the index goes up by 1%, DRN should go up by 3%. However, it's important to note that this leverage is achieved through the use of derivatives and may lead to higher volatility and potential losses.

As of the latest available price history, DRN has shown significant price fluctuations over the years. It experienced a strong upward trend from 2016 to early 2020, reaching its peak in February 2020. However, due to the COVID-19 pandemic and the subsequent economic downturn, DRN suffered a sharp decline in March 2020. Since then, it has been recovering gradually, but its price still remains below pre-pandemic levels.