Direxion Daily Travel & Vacation Bull 2X Shares (OOTO)
Direxion Daily Travel & Vacation 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 $18.87, down 2.21% on the session, giving a market capitalisation of $5.1M. Its beta of 2.81 implies it has historically moved more than the broad market.
The underlying index, which is maintained by MV Index Solutions GmbH, is composed of shares of U.S.-listed entities primarily engaged in the travel and vacation industry. This includes depository receipts and is based on the index provider's own definition of such companies. To achieve its objective, the fund commits a minimum of 80% of its net assets to various financial instruments. These instruments encompass swap agreements, direct securities from the index, and exchange-traded funds (ETFs) that mirror the index. These investments, along with other financial products, are specifically designed to deliver daily leveraged exposure either to the underlying index itself or to ETFs tracking it. It's important to note that this fund is categorized as non-diversified.
Direxion Daily Travel & Vacation Bull 2X Shares is most often compared with the following Financial Services names: