ETF profile for Direxion Daily Avgo Bear 1X ETF (AVS) from the issuer: top holdings, net assets, expense ratio and shares outstanding.
AVS ETF Profile
| Family: |
Direxion Shares |
| Name: |
Direxion Daily AVGO Bear 1X ETF |
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| Inception Date: |
10-Oct-2024 |
| Termination Date: |
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| Investment Objective: |
The Direxion Daily AVGO Bear 1X ETF seek daily investment results, before fees and expenses, of 100% of the inverse (or opposite), of the performance of the common shares of Broadcom Inc. (NASDAQ: AVGO). Broadcom Inc. is an American multinational designer, developer, manufacturer, and global supplier of a wide range of semiconductor and infrastructure software products. Broadcom's product offerings serve the data center, networking, software, broadband, wireless, storage, and industrial markets. The fund invests in financial instruments, including swap agreements and options, that, in combination, provide 1X daily inverse (opposite) or short exposure to AVGO, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in AVGO that is equal, on a daily basis, to -100% of the value of the Fund's net assets. The Adviser attempts to consistently apply leverage to obtain short AVGO exposure for the Fund equal to -100% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure. |
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| Prospectus |
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| Top 10 Holdings |
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| Derivatives offset |
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104.9727% |
| DREYFUS GOVT CASH MAN INS |
|
64.3073% |
| AVGO SWAP ASSET LEG |
|
-29.5311% |
| AVGO SWAP ASSET LEG |
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-29.4619% |
| AVGO SWAP ASSET LEG |
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-23.2035% |
| AVGO SWAP ASSET LEG |
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-22.7762% |
| GOLDMAN FINL SQ TRSRY INST 506 |
|
15.9297% |
| DREYFUS TRSRY SECURITIES CASH MGMT |
X9USDDTP3 |
10.1694% |
| GOLDMAN SACHS FIN GOV 465 INSTITUT |
X9USDGLDS |
9.5936% |
|
Top 10 Holdings Weight: |
100.0% |
| Number of Holdings: |
9 |
| Shares Outstanding: |
2,050,001 |
| Total Net Assets: |
19,905,510 |
| NAV: |
9.71 |
| Net Expense Ratio: |
1.03% |
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| Asset Class: |
Equities (Stocks) |
| Developed or Emerging: |
Developed Market Funds |
| Country: |
US |
| Region: |
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| Strategy: |
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| Currency: |
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| Commodity: |
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| Sector: |
Technology |
| Industry: |
Semiconductor |
| Dividend Type: |
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| Tax Exempt State: |
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| Maturity Duration: |
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| Market Cap: |
Large Cap |
| Credit Quality: |
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| Mortgage Bond Types: |
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| Bond Type: |
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| Gov't Bond Types: |
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| Reit Type: |
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| Leverage Direction/Factor: |
Inverse (-1) |
| Is Currency Hedged: |
No |
| US or Ex-US: |
Domestic |
