Direxion Daily Communication Services Index Bull 3X Shares (TAWK)
Direxion Daily Communication Services Index Bull 3X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $42.23, up 0.36% on the session, giving a market capitalisation of $6.2M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund aims to deliver daily investment results, before fees and expenses, that are three times (300%) the daily performance of the Communication Services Select Sector Index. To accomplish this, it typically allocates a minimum of 80% of its net assets to financial instruments and securities directly from the index, exchange-traded funds (ETFs) that mirror the index, or other financial products designed to provide amplified daily exposure to the index or its tracking ETFs. The underlying index comprises U.S.-based companies in the communication services sector, including industries such as diversified telecommunications, wireless communication, media, and entertainment. The fund operates as a non-diversified investment.
Direxion Daily Communication Services Index Bull 3X Shares is most often compared with the following Financial Services names: