This leveraged ETF seeks a return that is 200% of the ICE FANG 20 Index for a single day. The index consists of 20 stocks or depository receipts that are listed on a U.S. Exchange that have a minimum of a $5 billion market capitalization and a 6-month average daily trading value of at least $50 million. The Index selects companies whose economic fortunes are tied to technologies such as social networking, autonomous driving, electric vehicles, smartphones, mobile payments, e-commerce, online games, streaming media, online entertainment, cryptocurrencies, blockchain, big data, artificial intelligence, machine learning, digital advertising, cloud services and other innovative technologies.
The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (USD) is a(n) Equity Exchange Traded Funds (ETF) seeks to invest in Large Cap sector located in USA. The Direxion Funds fund’s base currency is USD and the share class was registered 30.09.2021 with unique ISIN - US25460G1610. Main exchange is NYSE Arca and ticker symbol is FNGG. The total expense ratio is 0.96%. The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (USD) pays dividends 1 time(s) per year.