Symbols

WANT

Direxion Daily Consumer Discretionary Bull 3X ETF·ARCA

--(--)

Key Stats

Assets Under Management

14.93MUSD

Fund Flow (1Y)

-3.35MUSD

Dividend Yield

0.81%

Discount / Premium to NAV

-0.06%

Shares Outstanding

450.00K

Expense Ratio

1.00%

About Direxion Daily Consumer Discretionary Bull 3X ETF

Issuer

Rafferty Asset Management, LLC

Brand

Direxion

Home Page

https://www.direxion.com/product/daily-consumer-discretionary-bull-3x-etf

Inception Date

Nov 29, 2018

Structure

Open-Ended Fund

Index Tracked

Consumer Discretionary Select Sector Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Rafferty Asset Management LLC

Distributor

Foreside Fund Services LLC

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 fund's 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