Direxion Daily TXN Bull 2X ETF (TXNU)

The Direxion Daily TXN Bull 2X ETF is a leveraged single-stock fund from Direxion. It seeks daily investment results equal to two times (200%) the daily performance of the common stock of Texas Instruments Incorporated (TXN), the Dallas-based maker of analog and embedded processing semiconductors.

The fund uses swap agreements and other derivatives to achieve its leveraged exposure. The 2x objective applies to a single day only, and daily rebalancing and compounding cause longer-term results to differ, sometimes substantially, from twice the return of Texas Instruments shares.

The fund is intended for short-term traders seeking magnified bullish exposure to one company.