Direxion Daily Real Estate Bull 3X Shares
DRN

$13.25

0.38%

Market Cap: $117M

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

67% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 3

13% more funds holding

Funds holding: 15 [Q1] → 17 (+2) [Q2]

3% more capital invested

Capital invested by funds: $4.36M [Q1] → $4.48M (+$118K) [Q2]

0.16% less ownership

Funds ownership: 6.16% [Q1] → 6.0% (-0.16%) [Q2]

54% less call options, than puts

Call options by funds: $605K | Put options by funds: $1.31M

75% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 8

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Research analyst outlook

We haven’t received any recent analyst ratings for DRN.

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Financial journalist opinion

Based on 6 articles about DRN published over the past 30 days

Zacks Investment Research

Here's How to Go Long on Rate-Sensitive Sectors With ETFs

Investors could make a short-term bullish play on the rate-sensitive sectors as these spaces are likely to see huge gains in the wake of rate cuts.

Here's How to Go Long on Rate-Sensitive Sectors With ETFs

As Rates Fall, This Real Estate ETF Is Up Over 30%

In a six-month span, the Direxion Daily Real Estate Bull 3X Shares (DRN) is up over 30% and could see more upside ahead as interest rates start to decline. The residential real estate market could soon pick up as interest rates are starting to head downward.

As Rates Fall, This Real Estate ETF Is Up Over 30%

Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.

Fed Ahead

The September Swoon

U.S. equity markets posted their worst week since March 2023 while benchmark interest rates tumbled to eighteen-month lows after employment data indicated a further cooling in economic momentum. Among several disappointing reports, BLS Nonfarm Payrolls data showed that the U.S. economy added just 142k jobs in August, while prior months were again revised sharply lower. Snapping a four-week winning streak that lifted the major benchmark to the cusp of record highs, the S&P 500 tumbled 4.1% this week. Technology stocks dragged on the downside.

The September Swoon

Looming Rate Cuts Could Push These ETFs Higher

Looming interest rate cuts could be a boon for financial sector exchange-traded funds (ETFs), including a pair of leveraged options from Direxion. In particular, the Direxion Daily Financial Bull 3X ETF (FAS) and the Direxion Daily Regional Banks Bull 3X Shares (DPST).

Looming Rate Cuts Could Push These ETFs Higher

The Time Has Come

U.S. equity markets rallied this week while benchmark interest rates tumbled to the lows of the year after Fed Chair Powell stated that the "time has come" to cut rates. The dovish pivot, underscored by an emphasis on "cooling labor markets," was further supported by data from the BLS showing that job growth has been far weaker than initially reported. The S&P 500 gained 1.4% this week, lifting the major benchmark to back within 0.5% of all-time record-highs. The Small-Cap 600 and Mid-Cap 400 each rallied nearly 3%.

The Time Has Come

The REIT Comeback: Earnings Recap

Over 200 U.S. REITs and homebuilders have reported second-quarter earnings results over the past six weeks, providing critical information on the state of the commercial and residential real estate industry. In this report, we highlight some quick incremental positives and negatives we've observed across each of the major property sectors. Next week, we'll publish our detailed "Winners & Losers" Report. Of the 96 equity REITs that provide full-year FFO guidance, 57 (59%) raised their outlook, while 13 (14%) lowered - well above the historical second-quarter average "raise rate" of 40-45%.

The REIT Comeback: Earnings Recap

Behind The Curve

U.S. equity markets tumbled in a volatile week, while benchmark interest rates plunged by the most since December 2008 after employment data showed decisive evidence of weakening labor market conditions. Volatility was amplified by a confluence of central bank policy decisions, a hit-and-miss slate of corporate earnings results, an intensification of geopolitical risks, and a re-pricing of domestic political expectations. Among several weak employment reports, the critical nonfarm payrolls report showed that the unemployment rate jumped to the highest level since 2021 in July, and the report was even weaker under-the-surface.

Behind The Curve

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally

REIT Earnings Halftime Report

We're at the halfway point of another consequential real estate earnings season, with 75 of the roughly 150 equity REITs and 19 of 38 mortgage REITs now having reported results. Amid an otherwise underwhelming earnings season across the broader equity market, REIT earnings results thus far have been materially better than anticipated, providing an added tailwind to rate-related optimism. Of the 65 equity REITs that have provided full-year guidance for Funds from Operations ("FFO"), 44 (68%) have raised their full-year outlook, while just 6 (8%) have lowered their outlook.

REIT Earnings Halftime Report

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