WANT

Direxion Daily Consumer Discretionary Bull 3X Shares

$46.21

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) seeks to provide 3x the daily return of the S&P 500 Consumer Discretionary Index, before fees and expenses.

Overview

ETF tracking Direxion Daily Consumer Discretionary Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2018-11-29

Market Cap $23.1M

Average Volume N/A

Dividend Yield 0.82%

52-Week Range $24.30 - $66.97

VWAP $46.10

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) seeks to provide 3x the daily return of the S&P 500 Consumer Discretionary Index, before fees and expenses.

🎯 Investment Strategy

The fund uses derivatives, such as futures contracts and swaps, to provide leveraged exposure to the underlying index. It rebalances its positions daily to maintain the 3x leverage target.

✨ Key Features

Provides 3x the daily performance of the S&P 500 Consumer Discretionary Index
Utilizes derivatives to achieve the leveraged exposure
Rebalances positions daily to maintain the 3x leverage target
Designed for short-term, speculative trading, not long-term buy-and-hold

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large and unexpected losses if the underlying index moves adversely
Volatility risk, as the fund's performance can vary greatly from the index on a daily basis
Counterparty risk associated with the derivatives used to achieve the leverage

👤 Best For

This ETF is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to the consumer discretionary sector and understand the risks of leveraged investing. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.