Direxion Daily LMT Bull 2X ETF (LMTL)

Direxion Daily LMT Bull 2X ETF is a leveraged single-stock fund from Direxion. It seeks daily investment results equal to 200% of the daily performance of the common stock of Lockheed Martin Corporation, the Bethesda, Maryland-based aerospace and defense contractor behind military aircraft, missiles, space systems and related technologies.

The fund obtains its leveraged exposure mainly through swap agreements with financial institutions, supported by cash and short-term government securities, and may also hold Lockheed Martin shares directly. Leverage is rebalanced at the end of each trading day.

Because the fund targets a multiple of daily returns, its performance over periods longer than one day is affected by compounding and can differ meaningfully from twice the stock's return for that period. The product is intended for short-term, actively monitored positions.