The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is a leveraged exchange-traded fund (ETF) that seeks to provide investors with a daily 3x leveraged exposure to the MSCI Mexico Index. This index tracks the performance of large and mid-cap Mexican companies across various sectors. The fund is designed for investors who are bullish on the Mexican market and want to amplify their potential returns through leverage. However, it is important to note that leveraged ETFs are considered high-risk investments and may not be suitable for all investors.