NEW YORK, Jan. 20, 2022 /PRNewswire/ — Direxion launched the Direxion Daily FinTech Bull 2X Shares (Ticker: FNTC), Direxion Daily Oil Services Bull 2X Shares (Ticker: ONG) and Direxion Daily S&P 500® Equal Weight Bull 2X Shares (Ticker: EVEN). The Funds search to attain 200% of the day by day efficiency of the Indxx US Fintech and Decentralized Finance Index, MVIS US Listed Oil Providers 25 Index and S&P 500® Equal Weight Index, respectively.
The Indxx US Fintech and Decentralized Finance Index consists of firms providing technology-driven monetary companies, and facilitating a decentralized finance infrastructure, which might be disrupting present enterprise fashions within the monetary companies trade in the USA. Included are the next sub-themes: Digital Funds, Level-of-Sale (POS) , Private Finance Software program and Credit score/Debit Card Issuers, Tax Compliance Software program and Backend Cost Processing, Decentralized Finance, Monetary Enterprise Options, and Peer-to-Peer Lending and Crowdfunding. Firms concerned in enterprise actions related to these sub-themes can be eligible for inclusion. Eligible firms deriving a minimal of fifty% of their complete income from these sub-themes will kind the choice listing.
The MVIS US Listed Oil Providers 25 Index tracks the efficiency of the most important and most liquid firms within the oil companies trade which might be listed in the USA. This can be a modified market cap-weighted index, and solely consists of firms that generate 50% of their income from oil gear, oil companies or oil drilling. The Index tracks the 25 largest and most heavily-traded oil service firms. Firms should generate a minimum of 50% revenues from oil companies.
The S&P 500® Equal Weight Index is the equal-weight model of the widely-used S&P 500. The index consists of the identical constituents because the capitalization weighted S&P 500, however every firm within the Index is allotted a set weight – or 0.2% of the index complete at every quarterly rebalance.
“2022 continues to supply alternatives for merchants to reap the benefits of traits by taking daring positions within the continued emergence and evolution of fintech, together with the company picks and shovels of the oil trade,” stated Dave Mazza, Managing Director at Direxion. “Equal-weighting the S&P 500® supplies extra balanced publicity to giant caps than a market cap weighted strategy.”
Like all leveraged ETFs, these Direxion ETFs are meant just for buyers with an in-depth understanding of the dangers related to in search of leveraged funding outcomes, and who plan to actively monitor and handle their positions. There isn’t any assure that these Fund will meet their aims.
Direxion equips buyers who’re pushed by conviction with ETF options constructed for goal and fine-tuned for precision. These options can be found for a broad spectrum of buyers, whether or not executing short-term tactical trades, or investing in thematic methods. Direxion’s fame is based on growing merchandise that exactly categorical market views and permit buyers to handle their danger publicity. Based in 1997, the corporate has roughly $30.8 billion in belongings below administration as of December 31, 2021. For extra info, please go to www.direxion.com.
There isn’t any assure that the Funds will obtain their funding aims.
Leveraged ETFs are usually not appropriate for all buyers and needs to be utilized solely by buyers who perceive the dangers related to in search of day by day leveraged and inverse funding outcomes, and intend to actively monitor and handle their investments. Because of the day by day nature of the leveraged and inverse funding methods employed, there isn’t any assure of long-term inverse returns. Previous efficiency will not be indicative of future outcomes.
An investor ought to fastidiously take into account a Fund’s funding goal, dangers, expenses, and bills earlier than investing. A Fund’s prospectus and abstract prospectus include this and different details about the Direxion Shares. To acquire a Fund’s prospectus and abstract prospectus name 866-716-0735 or go to our web site at direxion.com. A Fund’s prospectus and abstract prospectus needs to be learn fastidiously earlier than investing.
Direxion Shares Dangers – An funding within the ETFs entails danger, together with the doable lack of principal. The ETFs are non-diversified and embody dangers related to focus that outcomes from an ETF’s investments in a selected trade or sector which may improve volatility. Using derivatives resembling futures contracts and swaps are topic to market dangers that will trigger their value to fluctuate over time. The ETFs don’t try to, and shouldn’t be anticipated to, present returns that are a a number of of the return of their respective index for intervals aside from a single day. For different dangers together with leverage, correlation, day by day compounding, market volatility and dangers particular to an trade or sector, please learn the prospectus.
Distributor: Foreside Fund Providers, LLC.