Direxion Daily Dow Jones Internet Bull 3X Shares
0.0 %
104.37 %
Yet to be announced
Company Overview
WEBL is an exchange-traded fund (ETF) that seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Dow Jones Internet Composite Index. The fund creates synthetic long positions by using financial instruments such as swap agreements, futures contracts, and other derivatives.
The fund is designed for sophisticated investors looking for short-term leveraged exposure to internet companies. It's important to note that this is not a buy-and-hold investment, but rather a trading instrument for active traders.
Revenue Sources
As an ETF that tracks an index of internet companies through derivatives, WEBL's primary business model involves creating synthetic exposure to legitimate internet companies through financial instruments. While the fund uses derivatives, these are used to create exposure to real underlying assets (internet company stocks) rather than for gambling purposes. The derivatives serve as a means to achieve the fund's stated investment objective of providing leveraged exposure to internet companies.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
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WEBL generates returns primarily through appreciation in the value of its derivative positions rather than through interest income. The fund's use of leverage does involve financing costs, but these are incidental to its primary business of providing leveraged exposure to internet stocks.
Operational Ethics
Based on available information from SEC filings and fund documentation, there is no evidence of direct material ongoing associations with entities involved in human rights violations. The fund's investments are primarily focused on U.S.-listed internet companies through derivative instruments.
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