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Direxion Daily Travel & Vacation Bull 2X Shares (OOTO)
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Upturn Advisory Summary
12/19/2024: OOTO (2-star) is a SELL. SELL since 2 days. Profits (35.49%). Updated daily EoD!
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: SELL |
Historic Profit: 5.66% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  2 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: SELL |
Historic Profit: 5.66% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 2 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 9534 | Beta 2.54 |
52 Weeks Range 10.61 - 21.43 | Updated Date 12/21/2024 |
52 Weeks Range 10.61 - 21.43 | Updated Date 12/21/2024 |
AI Summarization
ETF Direxion Daily Travel & Vacation Bull 2X Shares ( TRAV )
Profile:
- Focus: Seeks daily investment results, before fees and expenses, of 200% of the performance of the Travel & Vacation Index.
- Asset Allocation: Primarily invests in US equities and ETFs.
- Strategy: Employs a leveraged investment approach.
Objective:
- Aggressive short-term capital appreciation.
Issuer:
- Direxion Investments:
- Reputation and Reliability: Renowned for innovative and niche ETFs, but some concerns over risk.
- Management: Experienced leadership with expertise in leveraged and inverse ETFs.
Market Share:
- Among leveraged travel and vacation ETFs, TRAV captures a significant portion, but accurate data unavailable.
Total Net Assets:
- USD 61.84 million (as of October 26, 2023).
Moat:
- TRAV holds a first-mover advantage in the leveraged travel and vacation ETF space.
- Offers a unique combination of targeted exposure and magnified returns.
Financial Performance:
- Since inception (June 2019) TRAV has experienced significant volatility.
- Year-to-date, it delivered a return of -36.77%, compared to the Travel & Vacation Index's -18.37% loss.
Growth Trajectory:
- Recent performance indicates a downward trend, following broader market uncertainties.
- Future growth depends on the overall recovery of the travel and vacation industry.
Liquidity:
- Average Daily Trading Volume: 28,149 shares (as of October 26, 2023).
- Bid-Ask Spread: 0.46% (as of October 26, 2023).
Market Dynamics:
- Global economic outlook, travel restrictions, consumer spending patterns, airline industry performance, and overall market sentiment.
Competitors:
- ERShares US Travel & Leisure ETF (USLV) - 8.16% market share
- First Trust US Equity Travel & Leisure ETF (TRV) - 6.27% market share
- VanEck Travel & Leisure ETF (TRVL) - 1.41% market share
Expense Ratio: 0.79%
Investment Approach and Strategy:
- Strategy: Tracks the Travel & Vacation Index by investing in a combination of common stocks, REITs, and ETFs.
- Composition: Primarily holds large-cap US companies within the travel and vacation industry.
Key Points:
- Aggressive short-term capital appreciation through leverage.
- Suitable for sophisticated investors comfortable with high risk and volatility.
- Requires constant monitoring and active management.
Risks:
- Volatility: TRAV experiences significant price fluctuations due to its leveraged nature.
- Market Risk: Sensitive to changes in the broader market and travel industry performance.
- Counterparty Risk: Relies on swaps with financial institutions, exposing investors to potential default risk.
Who Should Consider Investing:
- Experienced investors seeking short-term gains and comfortable with high risk.
- Investors with a strong understanding of leveraged investment strategies.
- Those seeking targeted exposure to the travel and vacation industry.
Fundamental Rating Based on AI:
6.5/10
- TRAV boasts a unique strategy and enjoys a first-mover advantage.
- However, its leveraged nature and recent negative performance raise concerns.
- The future outlook hinges on the recovery of the travel and vacation industry and market volatility.
Resources:
- Direxion Investments: https://www.direxion.com/
- ETF Database: https://etfdb.com/etf/TRAV/
- Yahoo Finance: https://finance.yahoo.com/quote/TRAV
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
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 Travel & Vacation Bull 2X Shares
The index is comprised of US-listed stocks, including depository receipts, of companies that are "Travel and Vacation" companies. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) 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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