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Leveraged & Inverse ETFs

leveraged
KLNE

The Direxion Daily Global Clean Energy Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P Global Clean Energy Index. There is no guarantee that the fund will achieve its stated investment objective.

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Overview

 

This leveraged ETF seeks a return that is 200% of the return of its benchmark index for a single day. The fund should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day.

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Target Index

The S&P Global Clean Energy Index (SPGTCLNT) is designed to track the performance of companies from developed markets whose economic fortunes are tied to the global clean energy business. The Index has a target constituent count of 100 and is limited to those stocks traded on a developed market exchange that meet or exceed, at the time of inclusion, $300 million in total market capitalization, $100 million in float adjusted market capitalization, and $3 million average daily value traded over a six month period. The Index is rebalanced semiannually. One cannot directly invest in an index.

Index Holdings & Sector Weightings

Top Ten Holdings %

Vestas Wind Systems A/S 7.96
Enphase Energy Inc 6.66
Orsted AS 5.85
Plug Power Inc 4.83
Xcel Energy Inc 4.16
NextEra Energy Inc 4.07
SolarEdge Technologies Inc 4.01
Iberdrola SA 3.96
Enel SpA 3.90
SSE PLC 3.05

Sector Weightings %

Utilities 52.43
Industrials 26.24
Information Technology 19.23
Energy 1.43

Source: SOLA. Index holdings and weightings are net and as of 6/30/2021 and subject to change.

 

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 2X 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.


Pricing & Performance

NAV and Market Price information as of . Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




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