(DRN) Direxion Daily Real Estate - Ratings and Ratios

The Direxion Daily Real Estate Bull 3X Shares (DRN) is a leveraged exchange-traded fund (ETF) designed to provide 3x daily returns of the MSCI US REIT Index. The fund achieves this by investing at least 80% of its net assets in a combination of financial instruments, including swap agreements, securities, and ETFs linked to the index. The index, provided by S&P Dow Jones Indices, focuses on U.S. real estate companies, including those in real estate management, development, and REITs, while excluding mortgage REITs. DRN is classified as a non-diversified fund, meaning it can concentrate its holdings in a smaller number of securities.

DRN is listed on the NYSE ARCA under the ticker symbol DRN and falls under the category of leveraged equity trading ETFs. It is designed for short-term trading opportunities, given its daily leverage reset mechanism. The funds technical indicators currently show an average 20-day volume of 832,234 shares, with a last price of $11.55. Its short-term trend is supported by a 20-day SMA of $10.90, while the 50-day SMA stands at $10.26, indicating recent upward momentum. The 200-day SMA of $10.85 suggests a longer-term trend near current levels. The ATR of 0.48 reflects moderate volatility.

Based on the provided data, the 3-month forecast for DRN is expected to remain sensitive to broader market conditions and the performance of the underlying real estate sector. If the MSCI US REIT Index continues its recent upward trajectory, DRN could see further gains, amplified by its 3x leverage. However, investors should be cautious of potential volatility, as the funds ATR suggests price swings of approximately $0.48 per day. The funds AUM of $74.66 million indicates moderate liquidity, which may impact trading efficiency during periods of high market stress.