This ETF offers 3x daily long leverage to the PHLX Semiconductor Index, making it a powerful tool for investors with a bullish short-term outlook for semiconductor equities. Investors should note that SOXL’s leverage resets on a daily basis, which results in compounding of returns when held for multiple periods.
Similarly, Will Soxl split?
Direxion Daily Semiconductor Bull 3X Shares (SOXL) has announced a 15 for 1 stock split. The Ex- distribution Date is March 2, 2021. The Payable Date is March 1, 2021.
Is SOXL an index fund? SOXL Fund Description
SOXL provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies.
Thereof, What was the split for Soxl?
Direxion Announces Forward and Reverse Splits of Five ETFs
| Fund Name | Ticker | Forward Split Ratio |
|---|---|---|
| Direxion Daily Semiconductor Bull 3X Shares | SOXL | 15 for 1 |
| Direxion Daily Technology Bull 3X Shares | TECL | 10 for 1 |
| Direxion Daily S&P 500® High Beta Bull 3X Shares | HIBL | 7 for 1 |
29 janv. 2021
What stocks are in TECL ETF?
Top 25 Holdings
| Company | Symbol | Total Net Assets |
|---|---|---|
| Apple Inc. | AAPL | 18.61% |
| Microsoft Corp. | MSFT | 16.23% |
| Dreyfus Government Cash Management Institutional Shs | DGCXX | 12.32% |
| Dreyfus Treasury Securities Cash Management Institutional Shares | DIRXX | 12.15% |
What does 3X mean in stocks?
An ETF that is leveraged 3x seeks to return three times the return of the index or other benchmark that it tracks. A 3x S&P 500 index ETF, for instance, would return +3% if the S&P rose by 1%.
Did soxs reverse split?
18, 2022 /PRNewswire/ — Direxion has announced it will execute a reverse split of the issued and outstanding shares of the Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (Ticker: DRIP) and the Direxion Daily Semiconductor Bear 3X Shares (Ticker: SOXS) (each, a « Fund » and collectively, the « Funds »).
Did TZA reverse split?
Direxion Daily Small Cap Bear 3X Shares (TZA) has announced a 1-for-8 reverse stock split. As a result of the reverse stock split, each TZA share will be converted into the right to receive 0.125 (New) Direxion Daily Small Cap Bear 3X Shares.
Did TECL split their stock?
TECS executed a reverse split on October 22, 2021. TECL executed a forward split on March 1, 2021.
Is TECL a good ETF?
TECL is rated a 5 out of 5.
How does the TECL ETF work?
The Direxion Daily Technology Bull (TECL) and Bear (TECS) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Technology Select Sector Index. There is no guarantee the funds will meet their stated investment objectives.
What stocks make up SPXL?
Top 5 Holdings
| Company | Symbol | Total Net Assets |
|---|---|---|
| iShares Core S&P 500 ETF | IVV | 72.01% |
| Dreyfus Government Cash Management Institutional Shs | DGCXX | 18.61% |
| Financial Square Treasury Instruments Fund FST Shares | FTIXX | 10.31% |
| Dreyfus Treasury Securities Cash Management Institutional Shares | DIRXX | 7.20% |
How long should you hold a 3X ETF?
A trader can hold the majority of these ETFs including TQQQ, FAS, TNA, SPXL, ERX, SOXL, TECL, USLV, EDC, and YINN for 150-250 days before suffering a 5% underperformance although a few, like NUGT, JNUG, UGAZ, UWT, and LABU are more volatile and suffer a 5% underperformance in less than 130 days and, in the case of JNUG …
Is there a Dow 3X ETF?
About Direxion Daily Dow Jones Int Bl 3X ETF
The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones Internet Composite Index.
Can you hold SPXL long term?
SPXL is safe to hold long term but only for investors with the highest levels of risk appetite. Investors who hold SPXL can reap significant outperformance against the S&P 500 in the majority of cases and over the long run.
Will soxs stocks go up?
During the day the stock fluctuated 12.30% from a day low at $47.55 to a day high of $53.40. The price has risen in 8 of the last 10 days and is up by 65.06% over the past 2 weeks.
…
| Fair opening price April 13, 2022 | Current price |
|---|---|
| $51.24 | $52.77 (Overvalued) |
What is soxs stock?
SOXS – Direxion Daily Semiconductor Bear 3X Shares
| Previous Close | 49.08 |
|---|---|
| Day’s Range | 50.05 – 52.45 |
| 52 Week Range | 31.20 – 120.80 |
| Volume | 7,240,482 |
| Avg. Volume | 7,552,413 |
Is Nugt reverse split?
As a result of the reverse stock split, each NUGT Common Share will be converted into the right to receive 0.20 (New) Direxion Daily Gold Miners Index Bull 2X Shares. The reverse stock split will become effective before the market open on April 23, 2020.
What stocks are splitting soon?
Biggest stock splits to look forward to in the US
- Booking Holding Inc. It’s the parent company of Priceline and Booking.com. …
- Markel Corp. ( MKL) …
- Markel Corp. ( MKL) …
- Tesla Inc. ( TSLA) …
- Equinix Inc. ( EQIX) …
- Equinix Inc. ( EQIX) …
- BlackRock Inc. …
- O’Reilly Automotive Inc.
What is the difference between TECL and Tqqq?
TQQQ has a 0.95% expense ratio, which is lower than TECL’s 1.08% expense ratio. Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which one is better suits your portfolio: TQQQ or TECL.
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