Direxion Daily Utilities Bull 3X Shares (UTSL)
ARCA ARCA Primary 
XBER Summary
UTSL Chart
Recession or Not, Utilities Can Thrive in Current Market
When markets get volatile, investors tend to flock to safe haven sectors that can offer stability regardless of whether experts deem the economy to be in a recession. One of those sectors is utilities.
Direxion Daily Utilities Bull 3X Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DG Daniel Guy Ethos Financial Group LLC | 42,910 | $1.53M | $1.79M | $266,207.59 | 17.43% |
Direxion Daily Utilities Bull 3X Shares (UTSL) FAQ
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Direxion Daily Utilities Bull 3X Shares Profile
| ARCA Exchange | US Country |
Overview
This financial entity is designed for investors seeking aggressive investment strategies, focusing primarily on the utilities sector, which includes essential services such as electric, multi-utilities, and water utilities. The company's strategy revolves around providing thrice the daily leveraged exposure to a benchmark index that comprises domestic companies within the utilities sector. Leveraging, in this context, means that the fund aims to triple the daily performance of its underlying index, leading to potentially higher returns but also higher risks. The fund achieves its goal through investments in financial instruments such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that closely track the desired index. It is important to note that this fund is non-diversified, meaning it does not spread its investments across a wide variety of sectors or investments, which could result in greater volatility.
Products and Services
- Swap Agreements:
These are derivative contracts through which two parties exchange financial instruments or cash flows based on a specified index or asset. For this fund, swap agreements are utilized to gain leveraged exposure to the utilities sector index, aiming to magnify the fund's returns in line with its investment objective.
- Securities of the Index:
The fund invests in securities that constitute the index, specifically targeting companies within the utilities sector. This direct investment method is a foundational strategy to ensure the fund's performance closely mirrors the targeted index's movements, aiming for 3X daily leveraged returns.
- Exchange-Traded Funds (ETFs):
ETFs that track the utilities sector index are another crucial component of the fund's investment strategy. By investing in ETFs, the fund gains diversified exposure to various companies within the utilities sector through a single investment, contributing to the fund's leveraged exposure strategy while also mitigating some level of risk associated with single-security investments.
