UTSL Direxion Daily Utilities Bull 3X Shares ETF

Seeks daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index. UTSL typically owns shares in XLU, the Utilities Select Sector SPDR ETF, but it primarily achieves its 300% leverage using swaps and other derivatives. Because it can achieve its leverage using swaps without using all of its available cash, UTSL typically also has excess cash on hand.The Index includes all stocks in the S&P 500 Index in the Utilities sector using the Global Industry Classification Standard (GICS) sector classification system. There are 11 sectors in the GICS system.

$24.05
As of 03/23/2023     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Single sector
Category3:  Utilities
Morningstar category:  Trading--Leveraged Equity
Leverage factor:  3.00
Inception date:  05/03/2017
Index tracking method: Passive replication
Current yield:  1.25%
Historical average yield:  2.18%
Market cap:  $14,430,024
Average volume:  95,913
Fees:     1.0900%

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Index Information

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Utilities Select Sector Index
Index symbol:  IXU
Provider:   S&P Dow Jones
Index weighting:   Market capitalization
Index inception date:  12/16/1998
Backtesting data exists:   No
Number of holdings:  28  (as of 10/31/2017)