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SMDLX

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1d
1w
1m

Analysis and statistics

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About

SMDLX.US represents the Direxion Daily Small Cap Bull 3X Shares ETF. This exchange-traded fund aims to deliver three times the daily performance of the Russell 2000 Index, which tracks the performance of small-capitalization U.S. companies. It is designed for short-term trading strategies and is not intended to be a buy-and-hold investment due to the effects of compounding, which can cause its returns to deviate significantly from three times the index's return over longer periods.
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Factors

**SMDLX.US Price Factors** Index Performance: SMDLX tracks the S&P SmallCap 600 index, so its price closely mirrors that index's performance.

Market Sentiment: Overall investor optimism or pessimism regarding small-cap stocks greatly impacts SMDLX demand and price.

Interest Rates: Rising interest rates can negatively affect small-cap stocks, potentially lowering SMDLX's value.

Economic Growth: A strong economy usually boosts small-cap earnings, driving up SMDLX's price, while slowdowns can hurt it.

Sector Performance: The performance of key sectors within the S&P SmallCap 600 affects SMDLX as well.

Fund Flows: Significant inflows into SMDLX can increase its price, while outflows may cause it to decrease.

Expense Ratio: A higher expense ratio compared to similar funds may make SMDLX less attractive to some investors.

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