OOTO
The Direxion Daily Travel & Vacation Bull 2X Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the BlueStar® Travel and Vacation Index. There is no guarantee that the fund will achieve its stated investment objective.
NAVas of Jun 08, 2023
1 Day NAV Changeas of Jun 08, 2023
$13.03
$0.04(0.31 %)
Overview
Fund Information
| Fund Symbol | Daily Target | Intra-day Value | Benchmark Index | Security Identifier | Expense Ratio (gross/net %) | Inception Date |
|---|---|---|---|---|---|---|
| OOTO | 200% | OOTO.IV | BTOURTR | 25460G542 | 1.02 / 0.98* | Jun 10, 2021 |
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.
Documents & Downloads
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.
Target Index
The BlueStar® Travel and Vacation Index (BTOURTR) is provided by MV Index Solutions GmbH and is comprised of US listed stocks, including depository receipts, of companies that are “Travel and Vacation” companies, as defined by the Index Provider. To be eligible for inclusion in the Index, a company must either (a) derive 25% or more of its revenue from, or devote 25% or more of its annual budget to, operating theme parks and/or hotels or (b) derive 50% or more of its revenue from, or devote 50% or more of its annual budget to the following activities: 1. Hotel accommodations; 2. Commercial airlines; 3. Casino resorts; 4. Hotel time shares; 5. Ski resorts; 6. Cruises; 7. Hotel real estate investment trusts; 8. Performing arts centers; 9. Online travel and event booking; 10. Specialty travel and experiences (such as outer space passenger travel), and 11. Operation of theme parks. One cannot invest in an index.
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Pricing & Performance
NAV and Market Price information as of June 08, 2023. Line chart shows pricing trend over the last 30 days.
- OOTO
Net asset value (NAV)
- 13.03NAV $
- 0.04Change $
- 0.31Change %
Market price closing
- 12.99Market $
- -0.06Change $
- -0.50Change %
Premium / Discount
-0.04
| monthly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -7.85 | -15.00 | 15.28 | -15.25 | — | — | — | -32.83 | 06/10/2021 | 1.02 / 0.98* |
| Market Close | -7.74 | -14.77 | 16.04 | -15.15 | — | — | — | -32.82 |
| quarterly | 1M % | 3M % | YTD % | 1Y % | 3Y % | 5Y % | 10Y % | Since Inception | Inception Date | Expense Ratio* (Gross / Net %) |
|---|---|---|---|---|---|---|---|---|---|---|
| NAV | -6.87 | 26.32 | 26.32 | -29.81 | — | — | — | -31.90 | 06/10/2021 | 1.02 / 0.98* |
| Market Close | -5.91 | 28.11 | 28.11 | -29.72 | — | — | — | -31.60 | ||
| BTOURTR | -2.87 | 14.09 | 14.09 | -9.22 | — | — | — | -11.26 | — | - |
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.
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.
Distributions
- OOTO
There are no recent distributions available for this fund.