Direxion Daily Fintech Bull 2X Shares
FNTC
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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
- United States of America
- IPO Date
- Jan 20, 2022
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily FinTech Bull 2X Shares (FNTC) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the Indxx US FinTech and Decentralized Finance Index. The fund invests at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and exchange-traded funds that track the index, which comprises U.S.-listed securities including American Depositary Receipts of companies deriving at least 50% of revenue from technology-driven financial services; these include digital payments, point-of-sale systems, personal finance software and credit/debit card issuers, tax compliance software and backend payment processing, decentralized finance platforms, financial enterprise solutions, and peer-to-peer lending and crowdfunding providers. Top holdings feature leading firms such as Mastercard, Visa, American Express, Intuit, PayPal, Fiserv, Fidelity National Information Services, Capital One Financial, Block, and Global Payments, with sector weightings dominated by information technology at approximately 76% and financials at 24%. Launched on January 20, 2022 by Direxion Shares ETF Trust, advised by Rafferty Asset Management, LLC and headquartered in New York, the fund targets sophisticated investors comfortable with leveraged exposure and operates primarily in U.S. equity markets focused on the fintech and decentralized finance segments. In a significant operational change announced on October 3, 2025, the Board of Trustees of Direxion Shares ETF Trust approved the liquidation and closure of FNTC, along with two other underperforming ETFs, due to insufficient assets under management, with trading cessation and pro rata cash distributions to shareholders planned thereafter. This follows a pattern of Direxion rationalizing its lineup, including prior closures such as the Daily Travel & Vacation Bull 2X Shares (OOTO) and Daily Cloud Computing Bull 2X Shares (CLDL) in June 2025, reflecting strategic shifts to focus on higher-conviction leveraged and inverse products amid market volatility. No recent partnerships, acquisitions, funding rounds, or new product launches specific to FNTC have been reported, underscoring its challenges in attracting sustained investment interest since inception.