Direxion Daily Global Clean Energy Bull 2X Shares (KLNE)
Direxion Daily Global Clean Energy Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $6.28, up 0.00% on the session, giving a market capitalisation of $3.3M. Its beta of 2.19 implies it has historically moved more than the broad market.
This fund's underlying index is designed to mirror the financial outcomes of companies located in developed markets that are significantly involved in the international clean energy industry. At least 80% of its total net assets are committed to various financial instruments, such as swap agreements, the actual securities comprising the index, and exchange-traded funds (ETFs) that replicate the index. It also utilizes other financial tools intended to offer daily leveraged exposure to either the benchmark index itself or ETFs that track it. The portfolio lacks diversification.
Direxion Daily Global Clean Energy Bull 2X Shares is most often compared with the following Financial Services names: