About the Company
Direxion Daily Semiconductor Bull 3X ETF is a bullish 1-day bet that is concentrated of the 30 largest US-listed semiconductor companies, which includes manufacturers and providers of services and equipment with semiconductors. The fund's index in major employs market cap weightage with the weights of the top five securities capped at 8% and the remaining securities at 4%. The index can also include ADRs. In order for exposure to the index, the fund invests in swap agreements, securities, and the Direxion Daily Semiconductor Bull 3X ETF tracks the index. SOXL rebalances its 3x leverage daily over the long term and targets returns that look significantly different because of the compounding effects of the daily rebalancing.;
Organisation | Direxion Daily Semiconductor Bull 3X ETF |