Direxion Daily Energy Top 5 Bull 2X ETF
TEXU
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
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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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
- Oct 1, 2025
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Shares ETF Trust (TEXU) is a Delaware-statutory trust and registered investment company that offers leveraged exchange-traded funds (ETFs) designed for sophisticated investors seeking amplified daily exposure to specific sector indices; its Direxion Daily Energy Top 5 Bull 2X ETF (TEXU) seeks daily investment results, before fees and expenses, of 200% of the performance of the S&P 500 Energy (Sector) Top 5 Equal Capped Index, which tracks the top five equal-weighted securities from the S&P 500 Energy Sector Index comprising U.S.-listed energy companies such as Exxon Mobil Corp., Chevron Corp., ConocoPhillips, EOG Resources Inc., and Williams Cos. Inc. The Trust provides a broad suite of leveraged and inverse ETFs across sectors including energy, semiconductors, biotechnology, technology, and single-stock offerings like those tied to Broadcom Inc. and Micron Technology Inc., with top holdings for TEXU including swaps on the index, Dreyfus Government Cash Management Institutional shares, and direct energy stock positions; these products target active traders managing short-term tactical positions rather than long-term buy-and-hold strategies. Headquartered at 1301 Avenue of the Americas in New York, New York, the Trust operates primarily in the United States through listings on NYSE Arca and other exchanges, serving institutional and retail investors focused on U.S. equity sectors with global energy exposure; it was established under the Direxion brand, with roots tracing to 1997 via predecessor entities, and is advised by Rafferty Asset Management, LLC. In recent developments, Direxion launched the Direxion Titans suite of leveraged and inverse ETFs on October 1, 2025, including the TEXU fund with an inception date of that same day and net assets of approximately $2.3 million as of late 2025, alongside companion products targeting top holdings in biotech, semiconductors, and other key sectors; the firm also expanded its single-stock ETF lineup in October 2024 with four semiconductor-focused funds (e.g., Broadcom and Micron pairs) and continued reverse splits on select underperforming ETFs like DUST, TECS, WEBS, and YANG in October 2024 to maintain share price viability. Additionally, Direxion announced closures of three low-asset ETFs (WFH, EVAV, XXCH) effective late October 2025 and filed for new leveraged products such as the Direxion Daily MAG7+ Bull 3X ETF in October 2025, reflecting ongoing portfolio optimization and innovation amid $56.9 billion in total assets under management as of September 2025.