Direxion launches LOFF leveraged ETF targeting 200% of SpaceX’s daily stock performance

Direxion has launched what it says is the world’s first leveraged ETF tied to SpaceX, aiming to deliver 200% of the stock’s daily performance. The product, trading under the ticker LOFF, came to market within days of SpaceX entering public trading. Direxion says the fund is designed for active traders seeking short-term bullish exposure and adds to its lineup of single-stock ETFs that already includes products linked to names such as Tesla.