About Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index. The fund, launched in 2014, aims to provide a leveraged exposure to the homebuilders and supplies industry. NAIL is designed for traders looking to capitalize on short-term trends in this sector.

NAIL is traded on the NYSE Arca exchange and can be bought and sold throughout the trading day. The fund is managed by Direxion, known for its range of leveraged and inverse ETFs. A 3x leverage means that for every 1% move in the underlying index, NAIL aims to deliver a 3% move in the opposite direction (both positive and negative). Investors should note that leveraged ETFs are designed for daily trading activities and may not be suitable for long-term investments.