(NAIL) Direxion Daily Homebuilders - NYSE
ETF Category: Trading--Leveraged Equity | Exchange: NYSE (USA) | Market Cap: 667m USD | Total Return: -14.4% in 12m
Avg Turnover: 59.1M
Warnings
Choppy
Tailwinds
No distinct edge detected
The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is a leveraged exchange-traded fund designed to provide 300% of the daily performance of the Dow Jones U.S. Select Home Construction Index. The fund allocates at least 80% of its net assets to financial instruments that track U.S. companies involved in home production, building materials, and home furnishings.
The underlying sector is highly sensitive to macroeconomic factors, particularly mortgage rates and national housing inventory levels. Because homebuilding involves significant upfront capital for land acquisition and development, these companies often carry cyclical debt loads that fluctuate with the interest rate environment. Investors can review detailed valuation metrics on ValueRay to better understand these sector dynamics.
As a triple-leveraged product, NAIL is intended for short-term trading rather than long-term investment due to the effects of daily rebalancing and compounding. The fund is classified as non-diversified, meaning it maintains concentrated exposure within the domestic residential construction and supply chain industries.
- Federal Reserve interest rate cuts lower mortgage costs and boost demand
- New home starts and building permits drive underlying index performance
- Lumber and raw material price volatility impacts homebuilder profit margins
- Housing inventory shortages sustain elevated pricing power for national homebuilders
As of June 12, 2026, the stock is trading at USD 43.98 with a total of 2,619,760 shares traded.
Over the past week, the price has changed by +12.80%,
over one month by +17.59%,
over three months by -2.12% and
over the past year by -14.41%.
Direxion Daily Homebuilders has no consensus analysts rating.