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SPRE

$--
--%
1d
1w
1m

Analysis and statistics

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  • 52 Week Change
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  • Dividend Per Share
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  • Market cap
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  • Beta
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About

SPRE.US represents the Direxion Daily S&P 500 Equal Weight Bull 2X Shares ETF. This ETF aims to achieve twice (200%) the daily performance of the S&P 500 Equal Weight Index. The index weights each company in the S&P 500 equally, as opposed to market-capitalization weighting. SPRE is designed for investors seeking amplified daily exposure to the equal-weighted S&P 500, but it's crucial to understand that due to the effects of compounding, its performance over periods longer than a single day can differ significantly from twice the index's return. As a leveraged ETF, it carries a higher degree of risk and is generally suitable for short-term trading strategies.
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Factors

Expense Ratio: Higher fees directly reduce returns. Underlying Index Performance: SPRE tracks a specific index; its price mirrors that index's movements. Supply and Demand: Increased buying pressure pushes the price up; selling pressure lowers it. Trading Volume & Liquidity: Low volume can lead to wider bid-ask spreads, affecting execution prices. Market Sentiment: Overall investor optimism or pessimism impacts demand for risk assets like SPRE's holdings.

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