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Leveraged & Inverse ETFs

Direxion Daily Global Clean Energy Bull 2X Shares

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.

KLNE

NAV (Net Asset Value)$6.63As of Feb 28, 2024
1 Day NAV change$-0.15(-2.19%)As of Feb 28, 2024
Daily Target
+200%
Intra-day Value
KLNE.IV
Daily NAV
$6.63
Daily Market Price
$6.64
Expense Ratio
(gross/net %)
1.92 / 1.31*
Daily Volume
14,014
Security Identifier
25460G526
Inception Date
Jul 29, 2021

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

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

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.

Pricing & Performance

NAV and Market Price information as of 02/28/2024.

KLNE Direxion Daily Global Clean Energy Bull 2X Shares
Net Asset Value (NAV)
$6.63Nav
$-0.15Change
-2.19%Change
Market Price Closing
$6.64Market
$-0.16Change
-2.40%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
KLNE NAV
-22.08
10.26
-22.08
-59.86
-39.87
1.92 / 1.31*
07/29/2021
KLNE Market Close
-22.74
10.06
-22.74
-59.71
-39.91
1.92 / 1.31*
07/29/2021

As of January 31, 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 Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the 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 fund’s website at www.direxion.com.

Short-term performance, in particular, is not a good indication of the 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 Index is designed to track the performance of companies from developed and emerging markets whose economic fortunes are tied to the global clean energy business. The Index is limited to those stocks traded on an 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 invest directly in an index.

Index Top Ten Holdings

% of Total
First Solar
8.39%
Enphase Energy
7.58%
Vestas Wind Systems
7.03%
Yangtze Power Class A
4.12%
Orsted
3.63%
Solaredge Tech/D
3.40%
Energias De Portugal
3.32%
Sunrun
2.74%
Ormat Technologies
2.61%
Hanwha Solutions
2.23%

Index Sector Weightings

% of Total
Renewable Electricity
24.36%
Electric Utilities
17.41%
Semiconductors
14.06%
Heavy Electrical Equipment
13.80%
Semiconductor Materials & Equipment
12.60%
Electrical Components & Equipment
11.23%
Commodity Chemicals
2.23%
Oil & Gas Refining & Marketing
1.54%
Independent Power Producers & Energy Traders
1.30%
Steel
0.60%
Construction & Engineering
0.43%
Industrial Machinery & Supplies & Components
0.32%
Real Estate Development
0.10%
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 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.

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.04840
09/20/202309/19/202309/26/20230.01101
06/22/202306/21/202306/28/20230.08268
03/22/202303/21/202303/28/20230.00666
06/23/202206/22/202206/29/20220.03239
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.04840
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.01101
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.08268
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.00666
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/23/2022
Ex Date06/22/2022
Pay Date06/29/2022
Income Dividend0.03239
Short-Term Capital Gain
Long-Term Capital Gain

Documents

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

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