Direxion Daily Small Cap Bull 3X Shares is trading 3.7% up today as small-cap stocks stage a recovery following the Federal Reserve's latest policy update.

  • The Russell 2000 is bouncing back as investors digest the Fed's June 17 decision to maintain interest rates at 3.50%-3.75% while ending forward guidance, sparking a risk-on move in the sector.
  • As a triple-leveraged fund, the ETF's performance reflects a magnified response to the broader small-cap rebound rather than any fund-specific catalysts.
  • The gains follow a period of sharp, Fed-driven volatility in the prior session, as the market recalibrates for a shift in central bank communication.