Direxion Daily Aerospace & Defense Bull 3X Shares

Built for traders rather than long-term holders, DFEN aims to deliver three times the daily move of the Dow Jones US Select Aerospace & Defense Index. If the index rises one percent on a given day, the fund targets roughly three; if it falls, losses are magnified the same way. Direxion, the American leveraged-fund specialist, launched it in 2017. The catch is the daily reset: because the 3x target resets every session and the fund uses swaps to get its exposure, returns compound in ways that erode value in choppy markets, so holding it for weeks or months rarely produces three times the index over that stretch. It is a short-term tactical tool for speculating on defense stocks or hedging them, not a buy-and-hold vehicle, and its prospectus says so plainly.

On MyRWA, DFEN trades tokenized across 1 on-chain venue - see the listings below.