Direxion Daily Dow Jones Internet Bull 3x Shares (WEBL)
ARCA ARCA Primary Summary
WEBL Chart
WEBL: Outsized Gains For Tech-Focused Swing Trading
Direxion Daily Dow Jones Internet Bull 3X Shares ETF is a triple leveraged ETF tracking the Dow Jones Internet Composite index, aiming for 300% of daily movement, with an expense ratio of 1.01%. We are bullish on top holdings like Amazon, Meta, Alphabet, and Arista Networks due to their strong AI and tech investments. Leveraged ETFs like WEBL require careful timing due to loss recoupment and volatility impacts; short-term holding is recommended.
Direxion Daily Dow Jones Internet Bull 3x Shares Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 5,518 | $46,837.54 | $139,163.96 | $92,326.42 | 197.12% |
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Direxion Daily Dow Jones Internet Bull 3x Shares Profile
| ARCA Exchange | US Country |
Overview
The fund specializes in providing investors with a unique opportunity to gain triple-leveraged exposure to the internet sector. By investing at least 80% of its net assets in financial instruments that include swap agreements, securities of the index, and ETFs mirroring the index's performance, it aims to achieve 3X daily leveraged exposure to an index comprised of companies heavily reliant on internet-based revenue. These companies must generate at least 50% of their annual sales from the internet, according to criteria set by the index provider. The fund is intentionally non-diversified, focusing its investments to magnify the returns from the internet sector.
Products and Services
- Swap Agreements: Financial instruments that the fund employs to gain leveraged exposure to the specified index. Swap agreements are contracts between two parties to exchange cash flows based on a notional principal amount, which in this case, is related to the performance of internet companies.
- Securities of the Index: This includes direct investment in the stocks or debt instruments of companies that are part of the index. These companies are primarily engaged in the internet sector, deriving over half of their revenue from online activities and services. Investment in these securities helps the fund to closely track the index's performance.
- ETFs Tracking the Index: Exchange-Traded Funds (ETFs) that mirror the performance of the internet-focused index are another vehicle through which the fund seeks to achieve its investment objectives. By investing in these ETFs, the fund can gain broad exposure to the internet sector with the added benefit of liquidity and diversification within the constraints of its non-diversified status.
