Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
Direxion Daily Cnsmr Discret Bull 3XShrs (WANT)WANT
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: WANT (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: -9.08% | Upturn Advisory Performance  2 | Avg. Invested days: 24 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -9.08% | Avg. Invested days: 24 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 2 |
Key Highlights
Volume (30-day avg) 27836 | Beta 3.76 |
52 Weeks Range 19.81 - 39.90 | Updated Date 09/19/2024 |
52 Weeks Range 19.81 - 39.90 | Updated Date 09/19/2024 |
AI Summarization
ETF Direxion Daily Cnsmr Discret Bull 3XShrs Summary
Profile:
- Focus: Seeks to deliver triple the daily performance of the Consumer Discretionary Select Sector Index
- Target Sector: Consumer Discretionary
- Asset Allocation: Primarily invests in financial instruments (swaps) that track the underlying index
- Investment Strategy: Uses derivatives to achieve leveraged exposure
Objective:
- To magnify the daily returns of the Consumer Discretionary Select Sector Index, aiming for 3x the index performance.
Issuer:
- Name: Direxion Shares
- Reputation and Reliability: Established ETF issuer with a wide range of products, known for innovative and thematic ETFs.
- Management: Experienced team with expertise in index tracking and leveraged strategies.
Market Share:
- Holds a significant market share within the leveraged consumer discretionary ETF space.
Total Net Assets:
- Approximately $474.12 million (as of October 26, 2023)
Moat:
- First-mover advantage in the leveraged consumer discretionary ETF space.
- Strong track record and brand recognition within the Direxion family.
Financial Performance:
- Historical performance has closely tracked the 3x daily performance of the Consumer Discretionary Select Sector Index.
- Performance can vary significantly depending on market conditions.
Benchmark Comparison:
- Outperforms the Consumer Discretionary Select Sector Index on days when the index rises but underperforms on days when it falls.
Growth Trajectory:
- Growth potential is tied to the overall performance of the consumer discretionary sector.
- Increased investor interest in thematic and leveraged investment strategies could benefit the ETF.
Liquidity:
- Average Daily Trading Volume: High, indicating good liquidity.
- Bid-Ask Spread: Relatively tight, suggesting low trading costs.
Market Dynamics:
- Economic indicators, consumer confidence, and interest rates can impact the performance of the consumer discretionary sector.
- Market volatility can magnify the ETF's gains and losses.
Competitors:
- ProShares UltraPro Consumer Discretionary (UPRO): Holds a larger market share and similar investment strategy.
- Direxion Daily Consumer Discretionary Bull 2X Shares (CDBL): Offers double the daily exposure to the index.
Expense Ratio:
- 0.95% per year
Investment Approach and Strategy:
- Strategy: Tracks the Consumer Discretionary Select Sector Index with 3x leverage.
- Composition: Invests primarily in swap agreements that track the index.
Key Points:
- Aims for triple the daily returns of the Consumer Discretionary Select Sector Index.
- Uses leverage to amplify gains and losses.
- Suitable for short-term, aggressive investors seeking magnified exposure to the consumer discretionary sector.
Risks:
- Volatility: High volatility due to leverage, leading to potentially significant swings in value.
- Market Risk: Performance heavily dependent on the underlying index and broader market conditions.
- Counterparty Risk: Relies on swap agreements, introducing counterparty risk.
Who Should Consider Investing:
- Aggressive investors with a high-risk tolerance seeking short-term gains.
- Investors with a strong understanding of leveraged investment strategies.
- Investors bullish on the future performance of the consumer discretionary sector.
Fundamental Rating Based on AI:
- Rating: 7.5/10
- Justification: The ETF benefits from a first-mover advantage, strong track record, and experienced management team. However, the high volatility and reliance on leverage introduce significant risks.
Resources and Disclaimers:
- Information gathered from Direxion Shares website, ETF.com, and Bloomberg.
- This analysis is for informational purposes only and should not be considered investment advice.
- Always conduct your own research and consult with a financial professional before making 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 Cnsmr Discret Bull 3XShrs
The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is provided by S&P Dow Jones Indices (the index provider) and includes domestic companies from the consumer discretionary sector. It is non-diversified.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.