Key stats
About Direxion Daily NYSE FANG+ Bull 2X Shares
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Inception date
Sep 30, 2021
Structure
Open-Ended Fund
Replication method
Synthetic
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
FNGG offers 200% exposure to the ICE FANG 20 Index, which includes big technology firms such as Facebook, Apple, Amazon, Netflix, Google and Microsoft, as well as other companies with similar characteristics. Such other companies are those tied to technologies like social networking, autonomous driving, e-commerce, cryptocurrency, blockchain, AI, and many other innovative technologies. The fund is a concentrated basket of 20 US-listed growth stocks or depositary receipts across the technology, media & communications, and consumer discretionary sectors. FNGG gains such exposure either through direct investment or indirectly through ETFs, and mostly uses swaps and futures to produce its intended leveraged results. Holdings are equally weighted, and are reconstituted and rebalanced on a quarterly basis. As a geared product with daily reset, FNGG is designed as a short-term trading tool. As such, long-term returns could materially differ from the index due to daily compounding.
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
Technology Services
Electronic Technology
Cash
Stocks54.89%
Technology Services30.78%
Electronic Technology14.87%
Retail Trade4.58%
Bonds, Cash & Other45.11%
Cash54.39%
Miscellaneous−9.27%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FNGG invests in stocks. The fund's major sectors are Technology Services, with 33.63% stocks, and Electronic Technology, with 16.25% of the basket. The assets are mostly located in the North America region.
FNGG last dividends amounted to 0.64 USD. The quarter before, the issuer paid 0.22 USD in dividends, which shows a 65.86% increase.
FNGG assets under management is 119.90 M USD. It's risen 22.93% over the last month.
FNGG fund flows account for 40.32 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, FNGG pays dividends to its holders with the dividend yield of 0.88%. The last dividend (Apr 1, 2025) amounted to 0.64 USD. The dividends are paid quarterly.
FNGG shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Sep 30, 2021, and its management style is Passive.
FNGG expense ratio is 0.96% meaning you'd have to pay 0.96% of your investment to help manage the fund.
FNGG follows the NYSE FANG+ Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FNGG invests in stocks.
FNGG price has risen by 24.59% over the last month, and its yearly performance shows a 48.35% increase. See more dynamics on FNGG price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.79% over the last month, showed a 28.53% increase in three-month performance and has increased by 48.81% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 22.79% over the last month, showed a 28.53% increase in three-month performance and has increased by 48.81% in a year.
FNGG trades at a premium (0.00%) meaning the ETF is trading at a higher price than the calculated NAV.