Direxion Daily Utilities Bull 3X ETF
UTSL
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
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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
- May 3, 2017
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Utilities Bull 3X Shares (UTSL) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Utilities Select Sector Index, a benchmark tracking U.S. utilities companies including electric utilities, multi-utilities, water utilities, independent power producers, and gas utilities; the fund achieves this exposure primarily through derivatives such as swaps, futures contracts, and investments in other funds, alongside select holdings like NextEra Energy Inc., Constellation Energy Corp., and The Southern Co. Launched on May 3, 2017, and listed on NYSE Arca, UTSL is issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, as part of Direxion's suite of high-conviction leveraged and inverse ETFs targeting sophisticated traders who actively monitor positions due to daily reset leverage risks. The fund holds approximately 45 positions, including significant allocations to Utilities Select Sector Index swaps (up to 11.80%), government cash management instruments like Dreyfus Govt Cash Man Ins, and top utility equities such as NextEra Energy (around 8-9%), Southern Co. (5-6%), Duke Energy (5%), Vistra Corp., and American Electric Power; it pays quarterly dividends, with recent payouts including $0.17741 (ex-date Sep 23, 2025), $0.16022 (Jun 2025), and $0.21259 (Mar 2025), reflecting a trailing yield of about 1.29%. UTSL operates with a net expense ratio of 0.97% (through Sep 1, 2026, per operating expense limitation agreement) and manages roughly $42 million in assets, focusing on U.S. public equity markets across growth and value stocks in diversified market capitalizations within the utilities sector. Headquartered in New York at 1301 Avenue of the Americas, Direxion Investments, founded in 1997 with approximately $50.6 billion in AUM as of June 30, 2025, issues UTSL from offices in the U.S. (New York, Boston) and Hong Kong, serving global investors via platforms like NYSE Arca. In recent developments, Direxion selected SS&C Technologies as underwriter for issuance, distribution, and FINRA compliance in September 2024 to enhance fund services and distribution strategy; expanded its Single Stock Leveraged & Inverse ETF lineup with launches including Berkshire Hathaway and Palantir pairs (Dec 2024) and Eli Lilly & Palo Alto Networks funds (Mar 2025); announced reverse splits for select funds like DUST and TECS (Oct 2024); and introduced Titans Leveraged & Inverse ETFs (Oct 2025), alongside ongoing product innovations without reported acquisitions or funding rounds specific to UTSL. These changes underscore Direxion's focus on tactical trading tools amid market volatility.