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The Motley FoolThe Motley Fool··Matt Frankel, Cfp

Direxion Launches 2X Leveraged SoFi ETF Amid Strong Financial Performance

Direxion launched SOFA, a 2X leveraged ETF tracking SoFi Technologies. While SoFi shows strong financial growth, leveraged ETFs carry risks including daily rebalancing drag and are best for short-term trading.
SOFISOFAfintechSoFi Technologies
The Motley FoolThe Motley Fool··Leo Sun

Leveraged Financial ETF Attracts Traders Ahead of Fed Policy Signals

Traders are buying the 3x leveraged financial ETF (FAS) anticipating Fed rate cuts, but advisors warn leveraged funds suit short-term trading only due to amplified losses and recompounding risks.
WFCWFCpAWFCpCWFCpDWFCpL+32leveraged ETFdaily returns