The
Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL)is up about 20% the past month, which is making it an easy pill to swallow for traders looking to capitalize on this sub-sector of health care. With the Covid-19 pandemic still in full swing despite a global vaccine in its initial phases of deployment, more focus on the pharmaceutical and medical industry could come in 2021.
PILL seeks daily investment results, before fees and expenses, of 300% of the daily performance of the S&P Pharmaceuticals Select Industry Index. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments and securities of the index, ETFs that track the index, and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.