##  [# Direxion Launches Nanotech ETF](/sections/daily-etf-watch/direxion-launches-nanotech-etf) 

 

# Direxion Launches Nanotech ETF

 

 

It’s the fifth thematic ETF for the issuer of primarily geared funds.



 

 

 

 

 [![DanMika200x200.jpg](/sites/default/files/styles/author_image_icon/public/2023-02/DanMika200x200.jpg?itok=W3yFiWn- "DanMika200x200.jpg")](/contributors/dan-mika) 

[By Dan Mika](/contributors/dan-mika)

 Nov 23, 2021

 Edited by: Dan Mika

 

 

     Share  <a class="a2a a2a_button_email"> Email </a><a class="a2a a2a_button_linkedin"> LinkedIn </a><a class="a2a a2a_button_facebook"> Facebook </a><a class="a2a a2a_button_x"> X (Twitter) </a> 

 

 

 

 

 

 

 

 

  
            googletag.cmd.push(function() {
                googletag.display('js-dfp-tag-article_page_302x26');
            });
    
    

 

 

  

 



 

 

  Loading 

 

 



 

 

Direxion is targeting nanotechnology for its fifth thematic ETF.

The [**Direxion Nanotechnology ETF (TYNE)**](https://www.sec.gov/ix?doc=/Archives/edgar/data/1424958/000119312521331152/d238946d485bpos.htm) launched on the NYSE Arca on Tuesday, sporting a 0.65% expense ratio.

TYNE follows the S&amp;P Kensho Nanotechnology Index, composed of domestic and foreign companies engaged in nanotechnology, or industrial uses for matter at the atomic and molecular level. It uses machine-processing technology to select companies it believes are most exposed to the industry.

The index has gained 21.72% year-to-date and 52.81% over the last 12 months, and holds 29 equally weighted constituents.

TYNE is going up directly against the [**ProShares Nanotechnology ETF (TINY)**](https://www.etf.com/TINY), which has garnered $5.43 million since launching in late October. TINY uses the Solactive Nanotechnology Index, which holds 30 companies. [Moderna](https://www.etf.com/stock/MRNA) and [AMD](https://www.etf.com/stock/AMD) dominate that index, carrying almost 20% of the weighting.

*Contact Dan Mika at* [***dan.mika@etf.com***](mailto:dmika@etf.com)*, and follow him on* [***Twitter***](https://twitter.com/DanMikaTweets)



 

 

 [ Dan Mika ](/contributors/dan-mika) 

 

 

  Dan Mika is a reporter for etf.com. He has previously covered business for the Ames Tribune and Cedar Rapids Gazette in Iowa, and BizWest Media in…   [View Bio](/contributors/dan-mika)

 



 

 


 Related Topics  [Technology](http://www.etf.com/topics/technology) 

 [Thematics](http://www.etf.com/topics/thematic-etfs) 

 [Equity](http://www.etf.com/topics/equity) 

 [ProShares](http://www.etf.com/topics/proshares)