What is Direxion Daily Technology Bear 3X Shares?
The Direxion Daily Technology Bull (TECL) and Bear (TECS) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives. TECL.
What does Bear 3X Shares mean?
Leveraged exchange-traded funds, or ETFs, can effectively double or triple your exposure to a certain index or asset class and can be used to create a long (bull) or short (bear) position. For example, a triple-leveraged S&P 500 ETF will return three times the daily performance of that index.
What is Direxion Daily financial Bear?
About Direxion Daily Financial Bear 3X ETF The fund invests in swap agreements, futures contracts, short positions or other financial instruments that, in combination, provide inverse or short leveraged exposure to the index equal to at least 80% of the fund’s net assets (plus borrowing for investment purposes).
What is Direxion Daily Energy Bear 2X Shares?
The Direxion Daily Energy Bull (ERX) & Bear (ERY) 2X Shares seeks daily investment results, before fees and expenses, of 200% or 200% of the inverse (or opposite) of the performance of the Energy Select Sector Index which invests in areas like oil, pipelines, and coal.
What is the highest leveraged ETF?
ProShares UltraPro QQQ
1 The most traded leveraged ETF, based on three-month average daily trading volume, is the ProShares UltraPro QQQ (TQQQ).
What stocks make up SPXL?
Top 5 Holdings
| Company | Symbol | Total Net Assets |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 72.01% |
| Dreyfus Government Cash Management Institutional Shs | DGCXX | 18.61% |
| Financial Square Treasury Instruments Fund FST Shares | FTIXX | 10.31% |
| Dreyfus Treasury Securities Cash Management Institutional Shares | DIRXX | 7.20% |
Is 3X leverage safe?
Triple-leveraged (3x) exchange traded funds (ETFs) come with considerable risk and are not appropriate for long-term investing. Compounding can cause large losses for 3x ETFs during volatile markets, such as U.S. stocks in the first half of 2020.
What is Direxion Daily financial Bull 3X Shares?
The Direxion Daily Financial Bull (FAS) and Bear (FAZ) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Russell 1000 Financials 40 Act 15/22.5 Daily Capped Index.
What stocks are in FAS ETF?
Top 25 Holdings
| Company | Symbol | Total Net Assets |
|---|---|---|
| Berkshire Hathaway Inc. Cl B | BRK.B | 7.17% |
| Financial Square Treasury Instruments Fund FST Shares | FTIXX | 6.93% |
| JPMorgan Chase & Co. | JPM | 5.36% |
| Bank of America Corp. | BAC | 4.38% |
How does direxion daily work?
Direxion rebalances exposure daily by buying or selling swaps to ensure that each fund tracks as closely as possible to 300% or 200% for a Bull Fund, or 300%, 200% or 100% of the inverse for a Bear Fund, of the benchmark index’s daily performance.
What is Direxion Daily Energy?
The $700 million AUM Direxion Daily Energy Bull 2X (ERX), is a leveraged ETF that aims to reproduce 200% of the daily returns of the S&P Energy Select Sector Index. 1 In other words, for every 1% gain in the underlying index, ERX attempts to produce a corresponding 2% gain.