Direxion Daily Small Cap Bull 3X Shares is trading 4.6% higher today as traders rotate back into U.S. small caps following several sessions of risk-off selling.
- The recovery follows a period of volatility tied to hotter-than-expected inflation data, Federal Reserve policy uncertainty, and escalating tensions in the Middle East.
- As the ETF provides 3x leveraged exposure to the Russell 2000, the morning's rebound in small-cap stocks and broader risk appetite is being significantly magnified in its price action.