Direxion Daily Fintech Bull 2X Shares (FNTC)
Direxion Daily Fintech Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $12.75, up 0.00% on the session, giving a market capitalisation of $2.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund is designed to track an index composed of U.S.-listed equities, including American Depositary Receipts (ADRs), from companies that provide technology-driven financial services, particularly those facilitating decentralized finance systems. At least 80% of its total assets are allocated to various financial vehicles, such as swap agreements, the index's component securities, and exchange-traded funds (ETFs) that replicate the index. These investments, alongside other financial instruments, are utilized to achieve daily leveraged exposure to the underlying index or its associated ETFs. It's important to note that the fund maintains a non-diversified investment approach.
Direxion Daily Fintech Bull 2X Shares is most often compared with the following Financial Services names: