UTSL

Direxion Daily Utilities Bull 3X Shares

$45.58

+0.00%

Market closed. Last update: 11:43 PM ET

📎 Investment Objective

The Direxion Daily Utilities Bull 3X Shares (UTSL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index.

Overview

ETF tracking Direxion Daily Utilities Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2017-05-03

Market Cap $34.2M

Average Volume N/A

Dividend Yield 1.43%

52-Week Range $27.33 - $52.98

VWAP $45.71

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily Utilities Bull 3X Shares (UTSL) seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to achieve its daily leveraged investment objective. It does not seek to achieve its stated investment objective over a period of time greater than one day.

✨ Key Features

Provides 3x daily leveraged exposure to the Utilities Select Sector Index
Designed for short-term, tactical trading rather than long-term buy-and-hold
Resets exposure daily, which can lead to compounding of returns over longer periods
Has low assets under management and no performance history

⚠️ Primary Risks

Significant risk of loss due to the effects of compounding and daily reset on longer-term performance
Volatility risk as the fund seeks to achieve its objective on a daily basis
Counterparty risk associated with the use of derivatives
Lack of track record and low assets under management

👤 Best For

This ETF is best suited for experienced, risk-tolerant traders who understand the risks of daily leveraged products and intend to actively monitor and manage their positions on a short-term basis. It is not recommended for long-term, buy-and-hold investors.