FNGG

Direxion Daily NYSE FANG+ Bull 2X Shares

$244.69

+0.00%

Market closed. Last update: 10:55 PM ET

📎 Investment Objective

The Direxion Daily NYSE FANG+ Bull 2X Shares (FNGG) seeks to provide 2x the daily return of the NYSE FANG+ Index, which tracks the performance of the largest and most liquid U.S.-listed technology and consumer discretionary companies.

Overview

ETF tracking Direxion Daily NYSE FANG+ Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2021-09-30

Market Cap $129.7M

Average Volume N/A

Dividend Yield 0.75%

52-Week Range $107.31 - $271.42

VWAP $242.21

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

FNGG uses derivatives and leveraged investment techniques to amplify the daily returns of the underlying index. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily performance of the NYSE FANG+ Index
Utilizes derivatives and leverage to magnify returns
Resets daily, so longer-term performance may differ from the target multiple
Relatively high expense ratio compared to non-leveraged ETFs

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily resets
Potential for large and sudden losses in volatile markets
Risks associated with the use of derivatives and leverage
Tracking error between the fund and its underlying index

👤 Best For

FNGG is a highly speculative investment product that is only suitable for experienced, risk-tolerant investors with a very short-term investment horizon and a high risk appetite. It is not recommended for long-term buy-and-hold strategies.