Direxion Announces Forward and Reverse Splits of Four ETFs prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
February 1, 2021
While the capital markets saw retail traders piling into GameStop last week, not all the action was relegated to the video game provider. Direxion Investments saw heightened inflows in their leveraged and sectoral funds.
At the top of the heap was a focus on semiconductors. A heavier reliance on technology is driving a need for chips to process data. Short-term investors in leveraged funds have been capitalizing on the chip trade.
Direxion Daily Semiconductor Bull 3X ETF (NYSEArca: SOXL): for traders seeking a leveraged trade, SOXL seeks daily investment results, before fees and expenses, of 300% of the daily performance of the PHLX Semiconductor Sector Index. The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index, and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index
3 Direxion ETFs Top List of Best Leveraged Performers December 22, 2020
Traders understand that when you add leverage to the mix, the results can be explosive gains, but on the flip side, it could be losses and a blown trading account. Yahoo Finance focused on top leveraged ETF performers and three of the funds featured Direxion Investments products.
LABU seeks daily investment results of 300% of the daily performance of the S&P Biotechnology Select Industry Index (“index”). The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments and securities of the index, ETFs that track the index, and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index.