Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
No trades
Key stats
About Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
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Inception date
Aug 11, 2022
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Consumer Durables
Producer Manufacturing
Cash
Stocks52.82%
Consumer Durables29.06%
Producer Manufacturing11.38%
Technology Services6.88%
Retail Trade4.15%
Electronic Technology1.36%
Bonds, Cash & Other47.18%
Cash47.18%
Stock breakdown by region
North America56.60%
Asia36.35%
Middle East4.35%
Europe2.70%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history