Direxion Daily Real Estate Bull 3X Shares (DRN)Trading--Leveraged Equity | Exchange Traded Fund | NYSEArca
10.60 USD
-0.14
(-1.304%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 10.71 +0.11 (1.038%) ⇧ (Aug. 28, 2026, 7:59 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:15 a.m. EDT
This leveraged real estate ETF is currently trapped in a severe secular downtrend, making it a dangerous vehicle for long-term capital preservation despite its recent minor recovery. The underlying asset class has suffered a catastrophic -62% drawdown over the last nine years, and the most recent annual performance was another decline, confirming a multi-year structural deterioration rather than a temporary correction. While the price has bounced slightly off the 200-day moving average recently, the lack of sustained momentum and the heavy concentration of speculative put buying suggest the market expects further weakness. The 3x leverage structure amplifies this volatility, turning normal sector rotation into a compounding loss machine for buyers. The dividend yield is negligible and unreliable given the frequent cuts and erratic payments seen in the history, offering no meaningful cushion against the equity decay. For investors, the only logical play is to wait for a confirmed reversal in the commercial property sector before considering a leveraged exposure; attempting to catch a falling knife with 3x leverage is statistically likely to result in significant capital erosion. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.089933 |
| AutoETS | 0.097771 |
| AutoARIMA | 0.097776 |
| AutoTheta | 0.103781 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 42% |
| H-stat | 2.62 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.838 |
| Excess Kurtosis | -0.02 |
| Attribute | Value |
|---|---|
| Trailing P/E | 31.04 |
As of Aug. 22, 2026, 4:15 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts (strikes 6.0 and 9.0) expiring in November and February, while call activity remains thin and concentrated near the money. Implied volatility is significantly elevated for deep out-of-the-money puts compared to calls, indicating a market pricing in a high probability of further declines rather than a rebound.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.52% | 2.18% | 2.42% | 3.10% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-06-23 | 0.057000 | 0.518182 |
| 2026-03-24 | 0.045000 | 0.542169 |
| 2025-12-23 | 0.050000 | 0.593120 |
| 2025-09-23 | 0.051000 | 0.524152 |
| 2025-06-24 | 0.074000 | 0.727630 |
| 2025-03-25 | 0.064000 | 0.641926 |
| 2024-12-23 | 0.044000 | 0.448980 |
| 2024-09-24 | 0.060000 | 0.440529 |
| 2024-06-25 | 0.076000 | 0.904762 |
| 2024-03-19 | 0.041000 | 0.437567 |
| 2023-12-21 | 0.070000 | 0.681597 |
| 2023-09-19 | 0.065000 | 0.797546 |
| 2023-06-21 | 0.073000 | 0.817469 |
| 2023-03-21 | 0.094000 | 1.070615 |
| 2022-12-20 | 0.014000 | 0.145833 |
| 2022-09-20 | 0.088000 | 0.723684 |
| 2022-06-22 | 0.045000 | 0.326797 |
| 2022-03-22 | 0.118000 | 0.515059 |
| 2021-12-09 | 1.132000 | 4.401244 |
| 2021-09-21 | 0.058000 | 0.244726 |
| 2021-06-22 | 0.049000 | 0.222021 |
| 2021-03-23 | 0.042000 | 0.277962 |
| 2020-12-22 | 0.040000 | 0.329761 |
| 2020-09-22 | 0.026000 | 0.268041 |
| 2020-06-23 | 0.020000 | 0.195503 |
| 2020-03-24 | 0.155000 | 2.645051 |
| 2019-12-12 | 0.403000 | 1.523054 |
| 2019-09-24 | 0.148000 | 0.499325 |
| 2019-06-25 | 0.143000 | 0.558158 |
| 2019-03-19 | 0.070000 | 0.299529 |
| 2018-12-27 | 0.129000 | 0.788991 |
| 2018-09-25 | 0.138000 | 0.648192 |
| 2018-06-19 | 0.252000 | 1.274014 |
| 2017-12-19 | 0.209000 | 0.925188 |
| 2012-12-18 | 0.001000 | 0.010734 |
| 2012-03-21 | 0.000625 | 0.007529 |
| 2011-12-13 | 0.249375 | 4.724130 |
| 2010-12-22 | 0.006750 | 0.099265 |
| 2010-06-22 | 0.041750 | 0.818627 |
| 2010-03-23 | 0.085250 | 1.480918 |
| 2009-11-20 | 0.295156 | 8.184568 |
| 2009-09-22 | 0.004719 | 0.098083 |
| Attribute | Value |
|---|---|
| All Time High | 36.09 |
| All Time Low | 1.735938 |
| Ask | 10.64 |
| Ask Size | 6,600 |
| Average Daily Volume10 Day | 998,720 |
| Average Daily Volume3 Month | 927,683 |
| Average Volume | 927,683 |
| Average Volume10Days | 998,720 |
| Beta3 Year | 2.69 |
| Bid | 10.62 |
| Bid Size | 6,600 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 10.898 |
| Day Low | 10.5301 |
| Dividend Yield | 1.78 |
| Eps Trailing Twelve Months | 0.34152448 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 11.035 |
| Fifty Day Average Change | -0.43499947 |
| Fifty Day Average Change Percent | -0.03941998 |
| Fifty Two Week Change Percent | 14.621126 |
| Fifty Two Week High | 12.21 |
| Fifty Two Week High Change | -1.6099997 |
| Fifty Two Week High Change Percent | -0.13185911 |
| Fifty Two Week Low | 8.05 |
| Fifty Two Week Low Change | 2.5500002 |
| Fifty Two Week Low Change Percent | 0.3167702 |
| Fifty Two Week Range | 8.05 - 12.21 |
| First Trade Date Milliseconds | 1,247,751,000,000 |
| Five Year Average Return | -0.1160543 |
| Full Exchange Name | NYSEArca |
| Fullday Change | -0.139999 |
| Fullday Change Percent | -1.30353 |
| Fullday Price | 10.71 |
| Fund Family | Direxion Funds |
| Fund Inception Date | 1,247,702,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is provided by S&P Dow Jones Indices (the “index provider”) and includes securities of companies from the following industries: real estate management and development and REITs, excluding mortgage REITs. It is non-diversified. |
| Long Name | Direxion Daily Real Estate Bull 3X Shares |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_61308401 |
| Nav Price | 11.047 |
| Net Assets | 45,031,680.0 |
| Net Expense Ratio | 0.98 |
| Open | 10.83 |
| Phone | 866-476-7523 |
| Post Market Change | 0.10999966 |
| Post Market Change Percent | 1.0377326 |
| Post Market Price | 10.71 |
| Post Market Time | 1,787,961,571 |
| Previous Close | 10.74 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.139999 |
| Regular Market Change Percent | -1.30353 |
| Regular Market Day High | 10.898 |
| Regular Market Day Low | 10.5301 |
| Regular Market Day Range | 10.5301 - 10.898 |
| Regular Market Open | 10.83 |
| Regular Market Previous Close | 10.74 |
| Regular Market Price | 10.6 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 1,395,031 |
| Short Name | Direxion Daily Real Estate Bull |
| Source Interval | 15 |
| Symbol | DRN |
| Three Year Average Return | 0.121812604 |
| Total Assets | 45,031,680 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 31.037308 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 2.56555 |
| Trailing Three Month Returns | 2.56555 |
| Triggerable | 1 |
| Two Hundred Day Average | 9.9713 |
| Two Hundred Day Average Change | 0.62870026 |
| Two Hundred Day Average Change Percent | 0.06305098 |
| Type Disp | ETF |
| Volume | 1,395,031 |
| Yield | 0.0178 |
| Ytd Return | 32.06939 |