Direxion Daily Real Estate Bull 3x Shares (DRN)
| Assets | $94.08M |
| Expense Ratio | 1.01% |
| PE Ratio | 39.33 |
| Shares Out | 7.75M |
| Dividend (ttm) | $0.25 |
| Dividend Yield | 2.06% |
| Ex-Dividend Date | Sep 24, 2024 |
| Payout Ratio | 80.95% |
| 1-Year Return | +56.05% |
| Volume | 701,054 |
| Open | 11.95 |
| Previous Close | 12.05 |
| Day's Range | 11.72 - 12.04 |
| 52-Week Low | 7.07 |
| 52-Week High | 14.07 |
| Beta | 3.08 |
| Holdings | 36 |
| Inception Date | Jul 16, 2009 |
About DRN
Fund Home PageThe Direxion Daily Real Estate Bull 3x Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is issued by Direxion.
Top 10 Holdings
301.54% of assets| Name | Symbol | Weight |
|---|---|---|
| REAL ESTATE SELECT SECTOR INDEX SWAP | n/a | 114.20% |
| REAL ESTATE SELECT SECTOR INDEX SWAP | n/a | 100.67% |
| REAL ESTATE SELECT SECTOR INDEX SWAP | n/a | 24.98% |
| DREYFUS GOVT CASH MAN INS | n/a | 20.04% |
| GOLDMAN FINL SQ TRSRY INST 506 | n/a | 18.53% |
| Prologis, Inc. | PLD | 5.78% |
| American Tower Corporation | AMT | 5.10% |
| Equinix, Inc. | EQIX | 4.76% |
| Welltower Inc. | WELL | 4.34% |
| Digital Realty Trust, Inc. | DLR | 3.13% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 24, 2024 | $0.060 | Oct 1, 2024 |
| Jun 25, 2024 | $0.076 | Jul 2, 2024 |
| Mar 19, 2024 | $0.041 | Mar 26, 2024 |
| Dec 21, 2023 | $0.070 | Dec 29, 2023 |
| Sep 19, 2023 | $0.065 | Sep 26, 2023 |
| Jun 21, 2023 | $0.073 | Jun 28, 2023 |
News
Firming Inflation Fizzles Optimism
U.S. equity markets posted their worst week in two months as benchmark interest rates jumped to four-month highs after a critical slate of inflation data showed modestly firming price pressures. Fueli...
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the...
U.S. REITs Log Dip In Short Interest In September
Average REIT short interest fell 8 basis points in September to 3.7% of shares outstanding, per S&P Global Market Intelligence data. The hotel sector followed with a 60-basis point drop, while the off...
Perspectives: Listed REITs - Fall Edition
Public REITs have benefited from a great rotation within equity markets since the end of June, with U.S. REITs returning 13.2% vs. S&P 500 3.7%. Clear evidence of a growth slowdown and moderating infl...
DRN: An ETF To Own During Fed Policy Normalization
The Direxion Daily Real Estate Bull 3X Shares ETF seeks to deliver 300% of the return of the IXRE index which is heavily tilted to large-capitalization US REITs. I expect underlying IXRE constituents ...
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 in...
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 unde...
Why REIT's Didn't Grow In 2023
REIT FFO/share growth in 2023 was stalled due to increased insurance premiums and property taxes. Property taxes jumped from $170B to almost $200B in 2023, while insurance costs doubled as a percentag...
2 Years Of Gloom Have Done Interesting Things To REIT Valuation
REITs experienced a 26% drop in prices due to rising interest rates, creating opportunities for investors. Despite the overall decline, many REIT sectors, such as industrial, multifamily, and manufact...
State Of REIT Nation: Not Out Of The Woods, Yet
Two years of persistent rate-driven pressure on commercial and residential real estate markets appeared to be easing in early 2024, but firming inflation has again muddied the outlook. Expectations of...
Why Lower Rates Could Lead To Opportunities In REITs This Year
How REITs have fared through high interest rate environment. Takeaways from REITs earnings season so far. When rate cuts do come, some REIT sectors may stand to benefit.