The Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) is a mutual fund that seeks to provide investors with three times the daily performance of the pharmaceutical and medical industry. This fund is designed for investors who are bullish on the pharmaceutical and medical sector and are looking for a leveraged investment option. PILL utilizes a 3x leverage strategy, meaning it aims to magnify gains and losses by three times the daily performance of its underlying index. This fund may be suitable for investors with a high risk tolerance and a short-term investment horizon.