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CLDL - Cloud Computing 2X Shares Direxion

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The Direxion Cloud Computing 2X Leveraged ETF (CLDL) is an exchange-traded fund that aims to provide investors with twice the daily return of the Indxx USA Cloud Computing Index. The fund uses leverage to achieve its goal, which means that it holds a combination of assets, including derivatives, to amplify its returns.

The Indxx USA Cloud Computing Index is composed of U.S. companies that provide cloud computing software, infrastructure, platforms, and services. This includes companies that offer cloud-based storage, computing, and networking services, as well as those that specialize in security, artificial intelligence, and big data analytics.

By investing in CLDL, investors can gain exposure to a diversified portfolio of cloud computing companies with a single trade. However, it's important to note that the fund's use of leverage increases its risk profile, and it may not be suitable for all investors. As with any leveraged ETF, investors should closely monitor their positions and be prepared to act quickly if market conditions change.

The fund has an expense ratio of 0.45% and is traded on the NYSE Arca exchange. Its holdings are rebalanced and reconstituted quarterly. As of September 2021, some of the top holdings in the fund included Zoom Video Communications, DocuSign,


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