Direxion Daily 5G Communications Bull 2X Shares (TENG)
Direxion Daily 5G Communications Bull 2X Shares operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $14.25, down 4.33% on the session, giving a market capitalisation of $229.9M. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund tracks a rules-based index, which is a tiered, modified market capitalization-weighted portfolio of U.S.-listed equity securities. These companies are chosen for their significant economic connection to the widespread adoption and evolution of 5G networking and communication technologies. To achieve its investment objective, the fund commits a minimum of 80% of its net assets to financial instruments and Exchange Traded Funds (ETFs) that closely mirror this specific index, or to other financial instruments engineered to offer daily leveraged exposure to the index or its associated ETFs. This fund operates as a non-diversified investment vehicle.
Direxion Daily 5G Communications Bull 2X Shares is most often compared with the following Financial Services names: