Direxion Daily NYSE FANG+ Bull 2X ETF
FNGG
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York NY United States of America 10019
- IPO Date
- Sep 30, 2021
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the NYSE FANG+ Index, an equal-dollar weighted index tracking 10 highly traded growth stocks in technology and tech-enabled companies including Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc., Microsoft Corp., Alphabet Inc., Broadcom Ltd., NVIDIA Corp., CrowdStrike Holdings Inc., and ServiceNow Inc. The fund invests directly in equities, derivatives such as swaps and futures, and other funds focused on U.S.-listed growth stocks across information technology (approximately 60%), communication services (30%), and consumer discretionary sectors; it employs leverage to achieve its 2X daily target while maintaining cash management through holdings like Dreyfus Government Cash Management and Goldman Sachs Financial Square Treasury Institutional funds. Launched on September 30, 2021, and domiciled in the United States, FNGG is issued by Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, and primarily listed on NYSE Arca, serving sophisticated investors seeking amplified short-term exposure to large-cap FANG+ and similar equities with a net expense ratio of 0.96%.