Direxion Daily SpaceX Bull 2X ETF (LOFF)

Direxion Daily SpaceX 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 SpaceX (Space Exploration Technologies Corp.), the company founded by Elon Musk that builds Falcon rockets, Dragon spacecraft and Starship and operates the Starlink satellite internet network.

The fund obtains leveraged exposure mainly through swap agreements, backed by cash and short-term government securities, and may hold SpaceX shares directly. Exposure is rebalanced at the end of each trading day.

Because it targets a multiple of daily returns, the fund's performance over longer periods is shaped by compounding and can differ meaningfully from twice the return of SpaceX stock. It is intended for short-term trading.