(MEXX) Direxion Daily MSCI Mexico - Ratings and Ratios

The Direxion Daily MSCI Mexico Bull 3X Shares (NYSE ARCA:MEXX) is a leveraged exchange-traded fund (ETF) designed to provide 3X daily returns relative to the MSCI Mexico Index. The fund achieves this by investing at least 80% of its net assets in a combination of financial instruments, such as swaps and futures, that deliver amplified exposure to the underlying index. The MSCI Mexico Index is a market-capitalization-weighted index that represents the performance of large-, mid-, and small-cap companies in Mexico, covering approximately 99% of the free float-adjusted market capitalization of the Mexican equity market. The fund is classified as non-diversified, meaning it can concentrate its investments in a smaller number of securities, which may increase volatility. The ETF is listed on the NYSE ARCA under the ticker symbol MEXX and is categorized under Trading--Leveraged Equity.

As of the latest data, the fund has an average 20-day trading volume of 201,026 shares, with a last price of $11.60. Its short-term technical indicators show an SMA 20 of $11.63, slightly above the current price, while the SMA 50 of $10.67 indicates a recent upward trend. The SMA 200 of $13.98 reflects longer-term downward pressure. The Average True Range (ATR) of 0.72 highlights moderate price volatility. The funds assets under management (AUM) stand at $18.63 million, which is relatively small compared to other leveraged ETFs, potentially leading to higher liquidity risks.