Direxion Daily Technology Top 5 Bear 2X ETF (TTXD)

The Direxion Daily Technology Top 5 Bear 2X ETF is a leveraged inverse fund from Direxion. It seeks daily investment results equal to two times the inverse (-200%) of the daily performance of an index composed of five large technology companies.

The fund uses swaps and other derivatives to obtain its short exposure, so it is designed to rise in value on days when the underlying basket of technology stocks falls, and to fall on days when it rises. The -2x objective applies to a single day only, and compounding means results over longer periods can diverge substantially from twice the inverse of the index's return.

It is intended for short-term traders seeking bearish exposure to a concentrated group of mega-cap technology names.