Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X SharesDirexion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X SharesDirexion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares

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Key stats


Assets under management (AUM)
‪5.37 M‬USD
Fund flows (1Y)
‪3.93 M‬USD
Dividend yield (indicated)
3.41%
Discount/Premium to NAV
3.1%

About Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.98%
Home page
Inception date
Aug 11, 2022
Index tracked
Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross
Management style
Passive
EVAV provides daily 2x exposure to an index of companies in the autonomous electric vehicles industry. The fund will comprise those that derive at least 50% of their revenue from engagements in specified sub-themes, such as manufacturers, enablers, and software and technology developers. Besides liquidity and tradability requirements, eligible securities must be listed on a US exchange, and have a market-cap of at least 500 million USD. The largest 25 pure-play companies will comprise the index, with quasi-play firms completing the roster if few pure-plays qualify. Selected constituents will then be assigned a weighting in accordance with their 6-month average daily value traded, with individual capping at 8%. The index is rebalanced quarterly and reconstituted annually. As a leveraged product with 2x factor that resets daily, EVAV is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Mobility
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Consumer Durables
Producer Manufacturing
Cash
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Neutral
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Summary
Neutral
SellBuy
Strong sellStrong buy
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Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.