MUTE

Direxion Daily Communication Services Index Bear 3X Shares
*Unless otherwise stated, data provided by FactSet.

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

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
PERFORMANCE [as of 07/19/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
MUTE -8.34% -9.01% -- -- -- -- --
MUTE (NAV) -4.17% -5.39% -- -- -- -- --
Communication Services Select Sector Index 1.41% 1.14% 20.73% -1.79% -- -- --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

MUTE Summary Data

Direxion
01/14/19
Open-Ended Fund
1.10%
$1.60M
0.15%

MUTE Portfolio Data

--
09/24/19

MUTE Index Data

Market Cap
Committee
N/A

MUTE Fund Structure

Yes
--
No Policy
N/A
N/A
High
-3
Daily

MUTE Tax Exposures

20.00% / 39.60%
--
No
Cboe Book Viewer
TOP OF BOOK
LAST 10 TRADES
Bats BZX Real-time Quote -
Daily Spread
Premium/Discount
Volume

MUTE Factset Analytics Block Liquidity

As of 07/22/19
5
4
3
2
1

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.

MUTE Tradability

2,194
$39.83K
1,110
$20.21K
0.15%
$0.03
-0.07%
0.47% / -0.40%
None
100.00%
50,000
0.02
0.00%
--
--
$16.59
N/A