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Benzinga

Business

Surbhi Jain

Ford Stock Volatility Gets Weaponized In New Direxion ETFs - For Bulls And Bears Alike

Ford Direxion ETF Ford Motor Company Tesla Inc.

Bad,Homburg,,Germany,,03-2024:,Ford,Store,In,Bad,Homburg.,Ford

Direxion has officially added Ford Motor Company (NYSE:F) to its roster of single-stock tactical trading vehicles—giving traders the keys to either gun it or grind it.

The two new ETFs, launched Wednesday, offer daily leveraged and inverse exposure to Ford stock: the Direxion Daily F Bull 2X ETF (NYSE:FRDU) and the Direxion Daily F Bear 1X ETF (NYSE:FRDD). They join a growing club of high-octane tools aimed at short-term, high-risk traders looking to capitalize on single-stock volatility.

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