AMUU +2x Direxion Shares ETF Trust Direxion Daily AMD Bull 2X ETF

AMUU

ETF +2x BULL standard
Direxion Shares ETF Trust Direxion Daily AMD Bull 2X ETF
Issuer: Direxion · Tracks: AMD · Listed: 2025-02-11
Implied AUM
$100.6M
Last Close
$211.87
20260720
30d Avg Vol
116,546
Options
—
Realized return vs theoretical +2x AMD
Other leveraged products tracking AMD
Symbol Factor Direction Issuer Name Implied AUM 30d Vol Options
AMDL +2x BULL GraniteShares GraniteShares 2x Long AMD Daily ETF $1.05B 4,152,053
AMDG +2x BULL Leverage Shares Leverage Shares 2X Long AMD Daily ETF $33.1M 64,744

How AMUU works

AMUU targets +2x the daily return of AMD — not the cumulative return over multi-day windows. The fund rebalances at the close each day using swaps or futures, which is what creates the volatility drag the chart above visualizes.

Mathematical headline: drag ≈ −0.5 × N × (N−1) × σ² per period. For a +2x product on an underlying with 25% annualized vol, expected annual drag is around 6.2%. Add expense ratio and the realized number is typically worse.

  • Short-term tactical: daily and intraday holds are where these products were designed to live.
  • Premium selling: options on AMUU carry very rich IV — see the quote page for IV rank and straddle pricing.
  • Multi-day directional: works in strong trends; gets eaten alive in chop. Use the chart above to gauge the realized vs theoretical track record.