Direxion Daily XOM Bull 2X ETF (XOMX)

The Direxion Daily XOM Bull 2X ETF (XOMX) is a leveraged single-stock exchange-traded fund from Direxion. It seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of Exxon Mobil Corporation, the integrated oil and gas company.

The fund achieves its exposure mainly through swap agreements and may also hold Exxon Mobil shares directly, along with cash and Treasury instruments as collateral. Its leverage target applies to a single day and the fund rebalances daily.

Because of daily compounding, the fund's return over periods longer than a day can differ meaningfully from twice the return of Exxon Mobil stock over the same period. The product is designed as a short-term trading tool rather than a long-term holding.