Direxion Daily Travel & Vacation Bull 2X Shares
OOTO
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- Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the performance of the BlueStar Travel and Vacation Index, a market-cap-weighted index of US-listed companies involved in travel and vacation activities including hotels, airlines, cruises, casinos, theme parks, online booking platforms, and resorts; the fund achieves its objective through derivatives such as swap agreements, futures contracts, options, reverse repurchase agreements, and exchange-traded funds that track the index or similar benchmarks, while remaining fully invested consistent with its goals. Launched on June 10, 2021, and issued by Direxion Shares ETF Trust, a provider of leveraged and inverse ETFs headquartered in Milwaukee, Wisconsin, OOTO primarily targets sophisticated investors seeking amplified short-term exposure to the consumer discretionary sector's travel and leisure segment, with holdings concentrated in approximately 55 securities such as Royal Caribbean Group, Booking Holdings, Hilton Worldwide Holdings, Walt Disney, Marriott International, Airbnb, Trip.com Group, Carnival Corporation, Delta Air Lines, and Live Nation Entertainment. The fund operates on the NYSE Arca exchange with a net expense ratio of 0.98% (through September 1, 2026, under an operating expense limitation agreement), quarterly income distributions, and geographic focus on US-listed global travel firms serving worldwide markets. In a significant recent development, Direxion Shares ETF Trust announced on June 27, 2025, the decision to liquidate and close OOTO along with the CLDL ETF due to operational considerations, marking a major strategic shift in its product lineup amid ongoing expansions in single-stock leveraged and inverse ETFs.