FNGG Direxion Daily Select Large Caps & FANGs Bull 2X Shares ETF

Seeks daily investment results, before fees and expenses, of 200% of the performance of the ICE FANG 20 Index.The Index is an equal weighted index designed to include Facebook, Apple, Amazon, Netflix and (Alphabet’s) Google (i.e., the FANGs) and similar highly-traded growth stocks of technology and tech-enabled companies, such as Microsoft, from the information technology, communication services and consumer discretionary sectors. 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.

$4.07  +0.27 (7.11%)
As of 01/27/2023 16:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  Global Equity
Category2:  Single industry
Category3:  Information technology
Morningstar category:  
Leverage factor:  2.00
Inception date:  09/30/2021
Index tracking method: Passive replication
Current yield:  0.00%
Historical average yield:  7.12%
Market cap:  $10,640,004
Average volume:  103,498
Fees:     1.0700%

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Index Information

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ICE FANG 20 Index
Index symbol:  ICFNG20N
Provider:   ICE (NYSE)
Index weighting:   Equal weighted
Index inception date:  01/01/1900
Backtesting data exists:  
Number of holdings:  20
Rebalanced:  Quarterly
Reconstituted:  Quarterly