Direxion Daily CSCO Bull 2X ETF (CSCL)

The Direxion Daily CSCO Bull 2X ETF seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of the common stock of Cisco Systems, Inc. (CSCO). The target applies to a single trading day, so returns over longer periods can differ substantially from the multiple of the stock's return because of daily compounding.

Cisco, based in San Jose, California, sells networking hardware such as routers and switches together with security, collaboration and observability software and services. The fund gets its exposure mainly through swap agreements and may also use options or hold shares of the stock, keeping its remaining assets in cash and short-term instruments.

The fund is sponsored by Direxion. Because it resets its exposure every day, it is built as a short-term trading tool rather than a buy-and-hold investment.