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Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF
The PILL Exchange Traded Fund (ETF) is provided by Direxion. It is built to track an index: S&P Pharmaceuticals Select Industry Index. This ETF provides synthetic exposure, by owning its shares you earn the return of the index indirectly through the use of derivatives or a swap (i.e. a contract with a financial institution which delivers the return of the index). This share class generates a stream of income by distributing dividends.
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