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Upturn AI SWOT - About
Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG)
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Upturn Advisory Summary
03/27/2025: FNGG (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Above Average Performance
These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.
Analysis of Past Performance
Type ETF | Historic Profit 72.16% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  4.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Volume (30-day avg) 34493 | Beta 2.52 | 52 Weeks Range 97.55 - 203.71 | Updated Date 03/28/2025 |
52 Weeks Range 97.55 - 203.71 | Updated Date 03/28/2025 |
Upturn AI SWOT
Direxion Daily Select Large Caps & FANGs Bull 2X Shares
ETF Overview
Overview
The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGU) seeks daily investment results, before fees and expenses, of 200% of the performance of the ICE FAMANG 20 Index. It focuses on large-cap growth companies, including the 'FANG' stocks and related tech giants, providing leveraged exposure.
Reputation and Reliability
Direxion is a well-known issuer of leveraged and inverse ETFs, offering a range of specialized products.
Management Expertise
Direxion has experience in managing leveraged ETFs, but the complexity of these products requires careful investor understanding.
Investment Objective
Goal
To seek daily investment results, before fees and expenses, of 200% of the performance of the ICE FAMANG 20 Index.
Investment Approach and Strategy
Strategy: The ETF employs a leveraged strategy aiming to double the daily returns of the ICE FAMANG 20 Index.
Composition The ETF primarily holds derivative instruments and equity securities designed to replicate two times the daily performance of the underlying index. It focuses on large-cap technology and growth stocks.
Market Position
Market Share: FNGU holds a niche market share within the leveraged technology ETF space.
Total Net Assets (AUM): 1573000000
Competitors
Key Competitors
- UPRO
- QLD
- TECL
Competitive Landscape
The leveraged ETF market is competitive with several providers offering similar strategies across different sectors. FNGU stands out with its focus on the FAMANG stocks. FNGU is more concentrated than UPRO. QLD and TECL target the broader technology market.
Financial Performance
Historical Performance: Historical performance is highly volatile and depends on the performance of the underlying index. Due to the leveraged nature of this ETF, it has a lot of volatility.
Benchmark Comparison: Performance should be compared to 2x the daily return of the ICE FAMANG 20 Index.
Expense Ratio: 0.95
Liquidity
Average Trading Volume
The ETF exhibits relatively high average trading volume, indicating good liquidity.
Bid-Ask Spread
The bid-ask spread is generally tight, making it cost-effective to trade.
Market Dynamics
Market Environment Factors
The ETF is heavily influenced by the performance of large-cap tech companies, broader market sentiment, and interest rate changes.
Growth Trajectory
Growth is tied to the continued success and innovation of the underlying companies in the ICE FAMANG 20 Index.
Moat and Competitive Advantages
Competitive Edge
FNGU's competitive advantage lies in its leveraged exposure to the highly popular FAMANG stocks, appealing to investors seeking amplified returns from these companies. This focused approach differentiates it from broader technology or large-cap leveraged ETFs. However, it's important to note that leveraged ETFs reset daily and are unsuitable for long-term 'buy and hold' strategies. Investors should carefully consider the risks associated with leveraged investments before investing.
Risk Analysis
Volatility
The ETF is highly volatile due to its leveraged nature, and investors can lose a lot of money on a daily basis if it is not carefully monitored.
Market Risk
Market risk is significant, as the ETF's performance is directly tied to the performance of large-cap tech stocks and the broader market.
Investor Profile
Ideal Investor Profile
Suitable for sophisticated investors with a high-risk tolerance who understand the complexities of leveraged ETFs and seek short-term amplified returns.
Market Risk
Best suited for active traders with a short-term investment horizon, not for long-term investors.
Summary
Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGU) offers leveraged exposure to the ICE FAMANG 20 Index. It aims to deliver two times the daily performance of these tech giants. FNGU is designed for active traders seeking short-term amplified returns. Due to its leveraged nature, this is a highly volatile ETF and it is unsuitable for long-term investors. Investors must understand the risks before investing.
Similar Companies
- UPRO
- QLD
- TECL
- SOXL
- TQQQ
Sources and Disclaimers
Data Sources:
- DirexionShares.com
- SEC Filings
- Bloomberg
- Yahoo Finance
Disclaimers:
The data and analysis provided are for informational purposes only and do not constitute investment advice. Leveraged ETFs are complex financial instruments and should be thoroughly researched before investing. Past performance is not indicative of future results. Market share data is estimated and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Direxion Daily Select Large Caps & FANGs Bull 2X Shares
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The index is an equal-dollar weighted Index designed to track the performance of 10 highly-traded growth stocks of technology and tech-enabled companies. The fund invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds (ETFs) that track the index, that, in combination, provide 2X daily leveraged exposure to the index, consistent with the fund's investment objective. It is non-diversified.
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