Direxion Daily Small Cap Bull 3X Shares is trading 5.1% up today as small-cap stocks recover from last week’s sharp selloff triggered by a strong May jobs report and shifting interest rate expectations.
- The Russell 2000 is bouncing alongside broader U.S. equities as traders cover short positions and reposition following recent rate-driven volatility.
- Risk sentiment is receiving a boost as geopolitical tensions in the Middle East ease after Iran signaled an end to its current missile strikes on Israel.
- As a 3x leveraged fund, the ETF is magnifying the gains seen in high-beta small-cap names during this market-wide relief rally.