SpaceX - Tommy O'Brien Talks Single Stock ETF LOFF from Direxion - Provides 2X Daily Leverage

Tommy O'Brien discusses the recent SpaceX IPO, as well as leveraged single stock LOFF from Direxion! The Direxion Daily SpaceX Bull 2X ETF (LOFF) seeks 200% daily leveraged investment results and thus will have an increase of volatility relative to the underlying SPCX performance itself. Longer holding periods, higher volatility of SPCX and leverage increase the impact of compounding on an investor’s returns. During periods of higher SPCX volatility, the volatility of SPCX may affect the fund’s performance.