Direxion Daily AMD Bull 2X ETF (AMUU)

The Direxion Daily AMD Bull 2X ETF (AMUU) is a leveraged single-stock fund from Direxion. It seeks daily investment results, before fees and expenses, of 200% of the daily performance of the common stock of Advanced Micro Devices, Inc.

AMD designs microprocessors, graphics processors, data center accelerators and adaptive computing chips used in PCs, servers, gaming consoles and embedded systems. The fund obtains its leveraged exposure through swap agreements and may also hold AMD shares directly.

The fund targets the 2x multiple for a single trading day. Because its leverage is rebalanced daily, performance over longer periods can differ significantly from twice the return of AMD stock.