Direxion Daily Real Estate Bull 3x Shares (DRN)
| Assets | $67.15M |
| Expense Ratio | 1.01% |
| PE Ratio | 27.94 |
| Shares Out | 7.30M |
| Dividend (ttm) | $0.25 |
| Dividend Yield | 2.54% |
| Ex-Dividend Date | Sep 24, 2024 |
| Payout Ratio | 71.07% |
| 1-Year Return | -7.79% |
| Volume | 2,031,740 |
| Open | 9.29 |
| Previous Close | 9.18 |
| Day's Range | 9.29 - 9.99 |
| 52-Week Low | 7.07 |
| 52-Week High | 14.07 |
| Beta | 3.09 |
| 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
306.91% of assets| Name | Symbol | Weight |
|---|---|---|
| REAL ESTATE SELECT SECTOR INDEX SWAP | n/a | 128.37% |
| REAL ESTATE SELECT SECTOR INDEX SWAP | n/a | 101.84% |
| DREYFUS GOVT CASH MAN INS | n/a | 27.02% |
| GOLDMAN FINL SQ TRSRY INST 506 | n/a | 19.99% |
| Prologis, Inc. | PLD | 6.29% |
| Equinix, Inc. | EQIX | 5.87% |
| American Tower Corporation | AMT | 5.61% |
| Welltower Inc. | WELL | 4.80% |
| Digital Realty Trust, Inc. | DLR | 3.65% |
| Simon Property Group, Inc. | SPG | 3.48% |
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
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office...
At-The-Market Issuance By U.S. REITs Hits All-Time Quarterly High In Q3 2024
Total proceeds raised by US equity real estate investment trusts through at-the-market offering programs rocketed to an all-time high in the third quarter. US REITs raised an aggregate of $7.21 billio...
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the larg...
REITs: Key Demographic Trends Driving Opportunity
Understanding long-term demographic trends is crucial for real estate investments, with population growth and density significantly impacting property values. The aging U.S. population will drive dema...
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...
