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.
Similarly, Is SOXL a leveraged ETF?
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.
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
Thereof, What stocks are in TECL ETF?
Top 10 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%.
Is SOXL a good ETF?
“Investors should note that SOXL’s leverage resets on a daily basis, which results in compounding of returns when held for multiple periods. SOXL can be a powerful tool for sophisticated investors, but should be avoided by those with a low risk tolerance or a buy-and-hold strategy.”
What ETF does SOXL track?
About Direxion Daily Semicondct Bull 3X ETF
The index is a rules-based, modified float-adjusted market capitalization-weighted index that tracks the performance of the thirty largest U.S. listed semiconductor companies. The fund is non-diversified.
Is SOXL an ETF or an ETN?
The Direxion Daily Semiconductor Bull (SOXL) and Bear (SOXS) 3X Shares seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the ICE Semiconductor Index.
…
One cannot directly invest in an index.
| Index Sector Weightings % | |
|---|---|
| Semiconductor Equipment | 20.52 |
Did TECL split their stock?
TECS executed a reverse split on October 22, 2021. TECL executed a forward split on March 1, 2021.
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 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 »).
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 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.
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 …
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.
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.
How long can you hold SOXL?
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 …
How do I trade in SOXL stock?
Does SOXL have decay?
But, because of leverage decay, SOXL is expected to lose around 8% of its value per year regardless of semiconductor stocks’ performance (i.e not expecting the underlying chip stocks to rise or fall).
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