Big Bets on the Leveraged India ETF

Although Indian stocks are often viewed as volatile, even by the standards of emerging markets equities, INDL has done a commendable job of not wildly deviating from three times the daily returns of the Indus India Index over the past month. Over that period, the difference between INDL’s performance and three times the Indus India Index is just 2%, according to issuer data.

Last week, Direxion announced it is splitting INDL on a 4-for-1 basis. INDL will begin trading on a split-adjusted basis on May 20. [Splits Coming for Direxion ETFs]

Direxion Daily India Bull 3X Shares