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Leveraged & Inverse ETFs

Direxion Daily Dow Jones Internet Bull and Bear 3X Shares

The Daily Dow Jones Internet Bull and Bear 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Dow Jones Internet Composite Index. There is no guarantee the funds will achieve their stated investment objective.

WEBL

NAV (Net Asset Value)$18.34As of Mar 18, 2024
1 Day NAV change$+0.73(+4.16%)As of Mar 18, 2024

WEBS

NAV (Net Asset Value)$6.58As of Mar 18, 2024
1 Day NAV change$-0.28(-4.14%)As of Mar 18, 2024
WEBLDirexion Daily Dow Jones Internet Bull 3X Shares
Daily Target
+300%
Intra-day Value
WEBL.IV
Daily NAV
$18.34
Daily Market Price
$18.35
Expense Ratio
(gross/net %)
1.03 / 1.01*
Daily Volume
969,851
Security Identifier
25460E364
Inception Date
Nov 07, 2019
WEBSDirexion Daily Dow Jones Internet Bear 3X Shares
Daily Target
-300%
Intra-day Value
WEBS.IV
Daily NAV
$6.58
Daily Market Price
$6.58
Expense Ratio
(gross/net %)
1.14 / 1.08*
Daily Volume
549,204
Security Identifier
25460G666
Inception Date
Nov 07, 2019

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
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Documents & Downloads

  • WEBL WEBS Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • WEBL Prospectus
  • WEBS Prospectus
  • Daily Fund Holdings (csv)

These leveraged ETFs seek a return that is 300% or -300% the return of its benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 03/18/2024.

WEBL Direxion Daily Dow Jones Internet Bull 3X Shares
Net Asset Value (NAV)
$18.34Nav
$+0.73Change
+4.16%Change
Market Price Closing
$18.35Market
$+0.72Change
+4.08%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
WEBS Direxion Daily Dow Jones Internet Bear 3X Shares
Net Asset Value (NAV)
$6.58Nav
$-0.28Change
-4.14%Change
Market Price Closing
$6.58Market
$-0.29Change
-4.22%Change
Premium / Discount
Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
WEBL NAV
16.48
55.89
23.25
153.19
-35.83
-5.57
1.03 / 1.01*
11/07/2019
WEBL Market Close
16.09
55.73
22.76
152.51
-35.91
-5.63
1.03 / 1.01*
11/07/2019
WEBS NAV
-16.71
-40.08
-23.45
-72.12
-32.77
-56.45
1.14 / 1.08*
11/07/2019
WEBS Market Close
-16.69
-40.12
-23.24
-72.07
-32.70
-56.46
1.14 / 1.08*
11/07/2019

As of February 29, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.95%. The Funds’ adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with each Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse each Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the funds’ website at direxion.com.

Short-term performance, in particular, is not a good indication of a fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Dow Jones Internet Composite Index (DJINETT) is provided by S&P Dow Jones Indices and includes companies that generate at least 50% of their annual sales/revenue from the internet as determined by the Index Provider. Additionally, each stock must have a minimum of three months’ trading history and a three month average market capitalization of at least $100 million. The Index consists of 40 stocks from two different sectors, internet commerce and internet services. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Amazon.Com Inc
9.33%
Meta Platforms Class A
7.73%
Alphabet Inc Class A
5.34%
Salesforce Inc
5.05%
Netflix
4.74%
Cisco-T
4.58%
Alphabet Inc Class C
4.54%
Snowflake Inc
3.12%
Paypal Holdings When Issued
3.06%
Arista Networks
3.01%

Index Sector Weightings

% of Total
Interactive Media & Services
23.77%
Application Software
21.77%
Broadline Retail
12.53%
Internet Services & Infrastructure
10.78%
Communications Equipment
10.53%
Movies & Entertainment
4.74%
Transaction & Payment Processing Services
3.06%
Health Care Technology
3.02%
Hotels, Resorts & Cruise Lines
2.86%
Restaurants
2.15%
Interactive Home Entertainment
2.00%
Casinos & Gaming
1.59%
Automotive Retail
1.18%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Strategy & Benefits

You know that TRADING is different than investing. But the opportunity to take advantage of short-term trends is only won, if you get the direction right.

Whether you’re a bull or a bear, Direxion is with you. Our leveraged ETFs are powerful tools built to help you:

  • Magnify your short-term perspective with daily 3X leverage
  • Go where there’s opportunity, with bull and bear funds for both sides of the trade; and
  • Stay agile – with liquidity to trade through rapidly changing markets

Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments.

Distributions

WEBL Direxion Daily Dow Jones Internet Bull 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
06/22/202306/21/202306/28/20230.00011
12/10/202112/09/202112/16/20210.000003.05116
12/24/201912/23/201912/31/20190.01764
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.00011
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/10/2021
Ex Date12/09/2021
Pay Date12/16/2021
Income Dividend0.00000
Short-Term Capital Gain3.05116
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.01764
Short-Term Capital Gain
Long-Term Capital Gain

WEBS Direxion Daily Dow Jones Internet Bear 3X Shares

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.17014
09/20/202309/19/202309/26/20230.16172
06/22/202306/21/202306/28/20230.20588
03/22/202303/21/202303/28/20230.18770
12/21/202212/20/202212/28/20220.06204
09/21/202209/20/202209/27/20220.01257
03/25/202003/24/202003/31/20200.03150
12/24/201912/23/201912/31/20190.02541
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.17014
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.16172
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.20588
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.18770
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.06204
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.01257
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/25/2020
Ex Date03/24/2020
Pay Date03/31/2020
Income Dividend0.03150
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.02541
Short-Term Capital Gain
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

Form 8937

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Buy

While you can't purchase our funds from our website, investors still have multiple options for buying Direxion ETFs
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