MUTEDirexion Daily Communication Services Index Bear 3X Shares
MUTE Fund Description
The Direxion Daily Communication Services Index Bear 3x Shares provides -3x inverse exposure to a market-cap-weighted index of US large-cap companies in the telecommunications industry.
MUTE Factset Analytics Insight
MUTE provides daily inverse 3x exposure to the S&P Communication Services Select Sector Index—a constituency of telecommunications companies derived from the S&P 500. Although MUTE has an incredibly high expense ratio, consider that the fund is designed to be a short-term trading vehicle. MUTE rebalances daily and, as a result, compounding and path dependency lead to a lack of predictability in the fund's long-term returns.
MUTE CHARTS AND PERFORMANCE
MUTE Portfolio Data
MUTE Index Data
MUTE Fund Structure
MUTE Tax Exposures
MUTE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MUTE. MUTE is rated a N/A out of 5.