Direxion Daily BA Bull 2X ETF (BOEU)

The Direxion Daily BA Bull 2X ETF (BOEU) aims to deliver twice (2x) the daily percentage change in the share price of The Boeing Company (ticker BA), the maker of commercial airplanes as well as defense, space and security systems. The fund uses swap agreements and other financial instruments to obtain its leveraged exposure.

The objective targets daily returns only. Over periods longer than one day, the effects of daily compounding mean results can differ meaningfully from twice Boeing's performance. The fund is sponsored by Direxion, a provider of leveraged and inverse ETFs, and trades on Nasdaq.