Direxion Daily LLY Bull 2X ETF (ELIL)

The Direxion Daily LLY Bull 2X ETF (ELIL) is a leveraged single-stock exchange-traded fund from Direxion that provides magnified exposure to Eli Lilly and Company, the Indianapolis-based pharmaceutical maker.

The fund seeks daily investment results, before fees and expenses, of 200% of the daily percentage change in Eli Lilly's share price. It achieves this leverage mainly through swap agreements and other derivatives rather than solely by owning the stock.

Because the fund resets its leverage every day, its performance over periods longer than a single day can differ significantly from twice the return of Eli Lilly stock over the same period, especially in volatile markets. The fund trades on the Nasdaq.