Direxion Adds SOFI Bull 2X ETF, Expands Single-Stock Leveraged Suite to 55 Funds
Direxion launched the Direxion Daily SOFI Bull 2X ETF, a leveraged product that targets twice the daily performance of SoFi Technologies shares as part of four new single-stock ETFs covering AI, e-commerce and semiconductors. This issue brings Direxion’s single-stock leveraged ETF lineup to 55 funds, offering traders tactical fintech exposure.
1. ETF Launch Details
On February 11, Direxion introduced the Direxion Daily SOFI Bull 2X ETF (SOFA), designed to deliver 2x the daily returns of SoFi Technologies common stock. It joins three other single-stock leveraged ETFs tied to ASML, Alibaba and Marvell, all aiming at tactical exposure to digital economy leaders.
2. Strategic and Trading Implications
This launch expands Direxion’s lineup of single-stock leveraged ETFs to 55, signaling growing demand for short-term, high-conviction trading tools in fintech and technology sectors. SOFA is structured for day traders seeking amplified moves in SoFi shares, with risk management features appropriate for leveraged strategies.