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News 2026-08-05 19:02 UTC

One Shopify Metric Sparked a 40% Rally in This ETF

The Direxion Daily SHOP Bull 2X ETF (NASDAQ: SHPU ) soared nearly 40% on Wednesday, emerging as one of the session’s top-performing U.S.-listed ETFs after Shopify Inc’s (NASDAQ: SHOP ) stronger-than-expected quarterly results sparked a sharp rally in the stock. SHPU is a single-stock leveraged ETF designed to deliver 2