FNGG — Direxion Daily NYSE FANG+ Bull 2X Shares
Direxion Daily NYSE FANG+ Bull 2X Shares (ticker: FNGG) is a equity ETF issued by Rafferty Asset Management tracking NYSE FANG+ Index (-200%). It was launched on 2021-09-30.
About FNGG
FNGG is an actively managed ETF that seeks daily investment results, before fees and expenses, of 200% of the performance of the NYSE FANG+ Index. The fund achieves its investment objective by investing in financial instruments that provide leveraged exposure to the performance of the underlying index. These instruments typically include swap agreements based on the NYSE FANG+ Index.
This ETF is designed for investors seeking magnified daily returns from a portfolio of highly liquid, technology-focused companies. It is intended for short-term active traders who are prepared to monitor their positions frequently and understand the risks associated with leveraged investments.
- Tracks the NYSE FANG+ Index (-200%).
- Provides 2x leveraged daily exposure to a selection of big tech companies.
- Managed by Rafferty Asset Management, with an inception date of September 30, 2021.
- Has an expense ratio of 0.96%.
- The fund holds 36 positions.
Returns (Total Return)
| Period | Return |
|---|---|
| 1 Day | 2.09% |
| 1 Week | -14.90% |
| 1 Month | -1.56% |
| 3 Months | 29.79% |
| 6 Months | -7.02% |
| YTD | 12.75% |
| 1 Year | 21.27% |
| 3 Years | 237.43% |
| 5 Years | — |
| 10 Years | — |
| Since Inception | — |
Top Holdings
| # | Security | Symbol | Weight |
|---|---|---|---|
| 1 | NYSE FANG+ Index SWAP | NYFANGJP | 67.47% |
| 2 | NYSE FANG+ Index SWAP | NYFANGJP | 67.47% |
| 3 | NYSE FANG+ Index SWAP | NYFANGJP | 67.47% |
| 4 | NYSE FANG+ Index SWAP | NYFANGJP | 67.47% |
| 5 | NYSE FANG+ Index SWAP | NYFANGJP | 67.47% |
| 6 | NYSE FANG+ Index SWAP | NYFANGJP | 60.58% |
| 7 | NYSE FANG+ Index SWAP | NYFANGJP | 60.58% |
| 8 | NYSE FANG+ Index SWAP | NYFANGJP | 60.58% |
| 9 | NYSE FANG+ Index SWAP | NYFANGJP | 60.58% |
| 10 | NYSE FANG+ Index SWAP | NYFANGJP | 60.58% |
Fund Profile
| Issuer | Rafferty Asset Management |
|---|---|
| Brand | Direxion |
| Asset Class | equity |
| Strategy | Equal |
| Structure | ETF |
| Category | Leveraged Equities |
| Segment | Leveraged Equity: U.S. Big Tech |
| Sector | Broad |
| Region | North America |
| Index Tracked | NYSE FANG+ Index (-200%) |
| Inception Date | 2021-09-30 |
| Tax on Distributions | Ordinary income |
Quick Facts
| Ticker | FNGG |
|---|---|
| Full Name | Direxion Daily NYSE FANG+ Bull 2X Shares |
| Issuer | Rafferty Asset Management |
| Asset Class | equity |
| Expense Ratio | 0.01% |
| AUM | $131.02M |
| Inception | 2021-09-30 |
| Index Tracked | NYSE FANG+ Index (-200%) |
Frequently Asked Questions
What does FNGG track?
FNGG (Direxion Daily NYSE FANG+ Bull 2X Shares) tracks NYSE FANG+ Index (-200%), a equity benchmark.
What is the expense ratio of FNGG?
FNGG has an expense ratio of 0.01% per year.
What is the AUM of FNGG?
FNGG has approximately $131.02M in assets under management.
Does FNGG pay a dividend?
FNGG distributes income according to its prospectus (Ordinary income tax treatment). Check the dividend history tab for ex-dividend dates and yield.
Who issues FNGG?
FNGG is issued by Rafferty Asset Management under the Direxion brand, launched on 2021-09-30.
Open the interactive FNGG dashboard for charts, historical fund flows, holdings breakdown and seasonality patterns.