I knew these were coming down the pipe, but my brother just notified me that eight 3x Leveraged ETFs from Direxion are now available -- the first of their kind. Crazy!
See this SeekingAlpha article for the details.
So for example, instead of buying DIG for 2x performance of an energy index, you could buy ERX for 3x the performance.
Since the 3x performance is applied daily, some weird, unintuitive behaviour can occur over multiple days (usually in a bad way)... but that's for another post. In the meantime, proceed with extreme caution! It'll be interesting to watch these to see what kind of volume these get and how they perform over time.
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