Direxion Daily Dow Jones Internet Bull 3X Shares company info

What does Direxion Daily Dow Jones Internet Bull 3X Shares do?
Direxion Daily Dow Jones Internet Bull 3X Shares (NYSEARCA:WEBL) is a financial instrument designed to provide investors with leveraged exposure to the internet sector. This exchange-traded fund (ETF) seeks to deliver three times the daily performance of the Dow Jones Internet Composite Index, which includes companies in the online commerce, social media, and internet services sectors. The main objective of Direxion Daily Dow Jones Internet Bull 3X Shares is to offer traders and investors a tool for magnifying their potential gains in the fast-moving internet sector, while also presenting a higher level of risk due to its triple-leveraged nature. It operates solely on the NYSE Arca, making it accessible to a wide audience of investors looking to capitalize on the dynamic growth and rapid innovations within the internet industry.
Direxion Daily Dow Jones Internet Bull 3X Shares company media
Company Snapshot

Is Direxion Daily Dow Jones Internet Bull 3X Shares a public or private company?

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Ownership
Public

How many people does Direxion Daily Dow Jones Internet Bull 3X Shares employ?

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Employees
56

What sector is Direxion Daily Dow Jones Internet Bull 3X Shares in?

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Sector
ETF

Where is the head office for Direxion Daily Dow Jones Internet Bull 3X Shares?

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Head Office
New York, United States

What year was Direxion Daily Dow Jones Internet Bull 3X Shares founded?

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Year Founded
2019
What does Direxion Daily Dow Jones Internet Bull 3X Shares specialise in?
/Leveraged ETF /Stock Market /Investment Fund /Triple Exposure /Internet Companies /Financial Services

What are the products and/or services of Direxion Daily Dow Jones Internet Bull 3X Shares?

Overview of Direxion Daily Dow Jones Internet Bull 3X Shares offerings
Triple Leveraged Daily Performance: WEBL offers investors 3x leveraged daily returns on the Dow Jones Internet Composite Index. This means it aims to deliver returns that are three times the daily performance of the index, both positive and negative.
Internet Sector Focus: WEBL specifically targets the internet sector. The Dow Jones Internet Composite Index includes leading U.S. internet companies.
Short-Term Investment: WEBL is designed for short-term holdings due to the daily reset feature. The leverage compounds daily, so holding it for extended periods may result in significantly different returns than the targeted 3x daily gain.
Capital Appreciation on U.S. Internet : The core objective of WEBL is to achieve capital appreciation for investors by amplifying gains of the U.S. internet sector.
Bullish Market Bet: WEBL is essentially a leveraged bet on the U.S. internet sector going up in price. Investors hoping to profit from a strong performance in this sector may find WEBL attractive.
Magnified Risk: The 3x leverage magnifies not only gains but also losses in the internet sector. This makes WEBL a riskier investment compared to a non-leveraged internet ETF.