(CLDL) Direxion Daily Cloud - Ratings and Ratios

Direxion Daily Cloud Computing Bull 2X Shares (NYSE ARCA:CLDL) is a leveraged exchange-traded fund designed to provide 2X daily exposure to the Indxx Cloud Computing Index. The index, developed by Indxx, LLC, tracks companies primarily engaged in delivering cloud computing infrastructure, platforms, or services. Eligible securities include common stocks and American depositary receipts of such companies. The fund employs a leveraged investment strategy, utilizing financial instruments like swap agreements, securities of the underlying index, and ETFs tracking the index to achieve its 2X daily return objective. At least 80% of the funds net assets, plus borrowing for investment purposes, are allocated to these instruments. CLDL is classified as a non-diversified fund, meaning it can invest a significant portion of its assets in a limited number of securities.

As of the latest data, CLDL has an average daily trading volume of 17,350 shares, with a last price of $11.05. The funds technical indicators show a 20-day SMA of $13.72, a 50-day SMA of $14.47, and a 200-day SMA of $11.86, indicating recent price fluctuations relative to its longer-term trend. The Average True Range (ATR) of 0.72 reflects moderate volatility. On the fundamental side, CLDL has assets under management (AUM) of $6.89 million, which is relatively small compared to other leveraged ETFs. This smaller AUM may result in higher volatility and less liquidity, particularly during periods of market stress.