Direxion continues to expand its single-stock ETF offerings for tactical traders. It has introduced five new single stock funds that add exposure to Oracle, Coinbase, Robinhood, and Intel.
The new funds bolster Direxion’s existing single-stock ETF lineup, which now has just over 50 ETFs. These funds are ideal for traders looking to add additional exposure to a company’s stock without the use of a margin account. Additionally, where applicable, they provide inverse exposure for a tactical hedge or a standalone short trade.
The new funds are as follows:
Additionally, in the new fund offerings, cryptocurrency trading platforms Coinbase and Robinhood are notable. Cryptocurrency ETFs have been garnering interest this year as more institutional adoption of digital assets continue at a rapid pace.
“Cryptocurrencies continue to gain investor interest and firms at the heart of the industry, such as Coinbase and Robinhood, have seen robust trader demand,” said Direxion CEO Douglas Yones. “We are committed to providing the right tools for short-term, active traders to express high-conviction views as volatile market moves continue.”
“Active traders don’t want to sit on the sidelines. They want precise, powerful ways to express their views,” said Mo Sparks, Chief Product Officer at Direxion. “That’s what drives our product design. From crypto platforms to AI infrastructure, we’re zeroing in on the names that have traders’ attention and building tools that help them move with confidence.”
Sector and Titans Exposure from Direxion
Traders who want to avoid the concentration risk associated with single stock exposure can also look to Direxion’s sector-specific products. For example, they can trade the broad semiconductor industry with the Direxion Daily Semiconductor Bull 3X Shares (SOXL) or healthcare using the Direxion Daily Healthcare Bull 3X ETF (CURE).
For a happy median between sector ETFs and single stock ETFs, Direxion also rolled out their Titans Leveraged & Inverse ETFs suite last month. These funds target the top five movers and shakers representing a sector. They give equal weight given to each company (a 20% allocation). This allows for more targeted exposure versus a broad index that uses a typical cap-weighted approach.
For more news and information, visit the Leveraged & Inverse Content Hub.
