Key stats
About Direxion Daily Consumer Discretionary Bull 3X Shares
Expense ratio
0.98%
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Inception date
Nov 29, 2018
WANT is a daily 3x leveraged bet on the S&P Consumer Discretionary Select Industry Index. WANT does this through a portfolio of swaps contracts that gets rebalanced at the end of each trading day. Because of this rebalancing, the funds return for periods longer than a day becomes path dependent, and is likely to be different from three times the return of the index for the same period. This makes WANT suitable primarily for short-term traders. The expense ratio has minimal impact on the cost of holding these funds for a short period of time, and would matter little to someone who is speculating on the short-term movements of consumer discretionary companies. Trading costs as reflected in spreads, and potential premium/discounts are the predominant consideration here.3
Classification
What's in the fund
Exposure type
Retail Trade
Consumer Durables
Consumer Services
Cash
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.