Direxion Daily Technology Top 5 Bull 2X ETF (TTXU)

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

To magnify its exposure, the fund uses swap agreements and other derivatives along with direct holdings. Its 2x objective is measured over a single trading day, and because the fund rebalances daily, returns over longer holding periods can differ significantly from twice the cumulative return of the underlying index.

The fund is built for short-term traders who want amplified bullish exposure to a concentrated basket of mega-cap technology stocks.