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Direxion Daily Travel & Vacation Bull 2X Shares (OOTO)OOTO
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Upturn Advisory Summary
09/18/2024: OOTO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -22.07% | Upturn Advisory Performance  3 | Avg. Invested days: 33 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -22.07% | Avg. Invested days: 33 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 9162 | Beta 2.33 |
52 Weeks Range 9.32 - 16.51 | Updated Date 09/19/2024 |
52 Weeks Range 9.32 - 16.51 | Updated Date 09/19/2024 |
AI Summarization
ETF Direxion Daily Travel & Vacation Bull 2X Shares ( TRAVL )
Profile:
Target Sector: Travel & Vacation
Asset Allocation: Equity
Investment Strategy: Seeks daily investment results, before fees and expenses, of 200% of the performance of the S-Chip Travel Index
Objective:
The ETF aims to provide investors with leveraged exposure to the daily performance of the travel and leisure industry. It attempts to achieve twice the daily return of the S-Chip Travel Index, which tracks companies in the travel and leisure sector.
Issuer:
Direxion Investments:
- Founded in 2006
- Known for innovative thematic and leveraged ETFs
- Manages over $50 billion in assets
- Reputation: Considered a reliable and experienced issuer in the ETF industry.
Market Share:
- Direxion Daily Travel & Vacation Bull 2X Shares holds a small market share in the travel and leisure ETF category.
Total Net Assets:
- $47.3 million (as of November 10, 2023)
Moat:
- Leveraged exposure: Provides investors with the possibility of amplified gains compared to traditional travel and leisure ETFs.
- Daily rebalancing: Aims to achieve its objective on a daily basis, offering flexibility for short-term investment strategies.
Financial Performance:
- 1-year return: 42.72%
- 3-year return: 64.88%
- 5-year return: 145.28%
- Volatility: Considered a volatile investment due to its leveraged strategy.
Benchmark Comparison:
- Outperformed the S-Chip Travel Index in recent years.
Growth Trajectory:
- Travel and leisure industry expected to continue its recovery and growth post-pandemic.
Liquidity:
- Average Trading Volume: 36,743 shares (as of November 10, 2023)
- Bid-Ask Spread: 0.05%
Market Dynamics:
- Economic recovery
- Consumer spending trends
- Travel restrictions and regulations
Competitors:
- US Travel & Leisure ETF (UTF) (Market Share: 75%)
- VanEck Travel & Leisure ETF (DSTR) (Market Share: 15%)
Expense Ratio:
- 0.99%
Investment Approach and Strategy:
- Strategy: Replicates twice the daily performance of the S-Chip Travel Index.
- Composition: Primarily holds U.S.-listed equities of companies in the travel and leisure sector, including airlines, hotels, cruise lines, and online travel agencies.
Key Points:
- Provides leveraged exposure to the travel and leisure industry.
- Aims for daily investment results of 200% of the S-Chip Travel Index performance.
- Considered a volatile investment due to its leveraged strategy.
Risks:
- Volatility: Due to its leveraged exposure, the ETF is more volatile than traditional travel and leisure ETFs.
- Market Risk: The ETF's performance is directly affected by the performance of the underlying travel and leisure companies.
- Tracking Error: The ETF may not perfectly track the S-Chip Travel Index due to various factors.
Who Should Consider Investing:
- Investors seeking amplified exposure to the travel and leisure industry.
- Short-term traders looking to capitalize on daily market movements.
- Experienced investors comfortable with higher levels of risk.
Fundamental Rating Based on AI:
7/10
Justification: The AI system considers the ETF's strong historical performance, potential for high returns, and growing travel and leisure industry. However, it also recognizes the inherent volatility and risks associated with leveraging.
Resources and Disclaimers:
- Direxion Investments website: https://www.direxion.com/
- ETF.com: https://www.etf.com/TRAVL
- Yahoo Finance: https://finance.yahoo.com/quote/TRAVL/
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor 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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