Draghi Drives Traders to Leveraged Europe ETF

Turnover data confirm traders’ sudden interest in EURL. Over the five-day period ending Jan. 28, EURL’s average volume was about 126% above the trailing 20-day average, according to Direxion data. That volume increase was well ahead of any of the other leveraged ETFs sponsored by Direxion.

Importantly, EURL has done an admirable job of delivering on its stated objective of delivering three times the daily returns of the FTSE Developed Europe Index. Over the 30-day period ending Jan. 28, EURL’s variance to triple the performance of its underlying index is just 0.73%, according to issuer data.

Direxion Daily FTSE Europe 3x Bull Shares