(NAIL) Direxion Daily Homebuilders - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NYSE ARCA (USA) | Market Cap: 657m USD | Total Return: -16.2% in 12m
Avg Turnover: 65.2M
Warnings
Fakeout
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 maintains at least 80% of its net assets in financial instruments, such as swap agreements and futures, to achieve its aggressive daily return objective. This non-diversified vehicle targets U.S. companies involved in home construction, as well as the manufacturing and distribution of building materials, furnishings, and fixtures.
The homebuilding sector is highly cyclical and maintains a strong correlation with mortgage rates and national housing inventory levels. Because this fund utilizes high leverage, it is primarily intended for short-term trading rather than long-term investment due to the effects of daily compounding and volatility decay. You can evaluate the specific risk metrics of this ETF further on ValueRay.
- Federal Reserve interest rate cuts lower mortgage costs and boost buyer demand
- New housing starts and building permit data signal industry revenue growth
- Triple leverage accelerates volatility from shifts in the S&P Homebuilders Select Industry Index
- Rising lumber and raw material costs compress homebuilder profit margins
- National housing inventory shortages drive demand for new residential construction projects
As of May 29, 2026, the stock is trading at USD 38.80 with a total of 1,589,099 shares traded.
Over the past week, the price has changed by +10.29%,
over one month by -16.90%,
over three months by -40.62% and
over the past year by -16.19%.
Direxion Daily Homebuilders has no consensus analysts rating.