WEBL

Direxion Daily Dow Jones Internet Bull 3X Shares

$28.00

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) seeks to provide 3x the daily return of the Dow Jones Internet Composite Index, which tracks the performance of large-cap U.S. internet and e-commerce companies.

Overview

ETF tracking Direxion Daily Dow Jones Internet Bull 3X Shares

Category Leveraged

Issuer Other

Inception Date 2019-11-07

Market Cap $133.0M

Average Volume N/A

Dividend Yield 0.25%

52-Week Range $13.50 - $35.06

VWAP $28.01

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

WEBL uses derivatives, such as futures contracts and swaps, to provide leveraged exposure to the Dow Jones Internet Composite Index. The fund rebalances its positions daily to maintain the 3x leverage target.

✨ Key Features

Provides 3x the daily return of the Dow Jones Internet Composite 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 daily losses that may not be offset by gains on other days
Tracking error risk, as the fund may not perfectly match the 3x daily return of the index
Increased volatility compared to the underlying index

👤 Best For

WEBL is designed for experienced, risk-tolerant investors who seek short-term, speculative exposure to the performance of large-cap U.S. internet and e-commerce companies. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.