Direxion Daily Consumer Discretionary Bull 3X ETF
WANT
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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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
- Nov 29, 2018
- CIK
- 0001424958
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily Consumer Discretionary Bull 3X Shares (WANT) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 300% of the performance of the Consumer Discretionary Select Sector Index, which includes U.S. companies in industries such as broadline retail, specialty retail, hotels, restaurants and leisure, automobiles, textiles, apparel and luxury goods, household durables, distributors, automobile components, and leisure products; the fund achieves its objective through investments in financial instruments including swap agreements, securities of the index, ETFs that track the index, futures, and other derivatives providing leveraged exposure to the underlying benchmark. Top holdings typically feature leading consumer discretionary names such as Amazon.com Inc., Tesla Inc., Home Depot Inc., Booking Holdings Inc., and McDonald's Corp., with the fund maintaining a net expense ratio of 0.97% (contractually limited to 0.95% through September 1, 2026, excluding certain expenses), quarterly dividend distributions, and assets under management of approximately $26 million as of late 2025. Launched on November 29, 2018, and domiciled in the United States with primary listing on NYSE Arca, WANT targets sophisticated investors seeking short-term leveraged exposure to the U.S. consumer discretionary sector. The fund is issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, as part of the broader Direxion product lineup offered by Direxion Investments, a provider of leveraged and inverse ETFs founded in 1997 (originally as Potomac Funds) and headquartered at 1301 Avenue of the Americas in New York, New York, with additional offices in Boston, Massachusetts, and Hong Kong. Direxion Investments operates primarily in the United States and select international markets including Mexico, focusing on non-traditional ETFs and mutual funds for active traders, financial advisors, institutions, and individual investors navigating various market cycles. In September 2024, Direxion selected SS&C ALPS Distributors to provide medallion distribution services for its ETF and mutual fund range, including underwriting, FINRA compliance, marketing review, and support for fund distribution strategies to enhance reach and growth amid evolving markets; this partnership leverages SS&C's expertise in servicing over 300 ETFs with more than $1 trillion in assets under distribution. Throughout 2025, Direxion expanded its single-stock leveraged and inverse ETF lineup with launches including funds targeting Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), Eli Lilly and Palo Alto Networks (March), and AMD (February), alongside appointing Mo Sparks as Chief Product Officer in April to drive product innovation; these developments complement ongoing reverse splits for select funds such as KORU (announced January 2025, effective February) and others like DUST, TECS, WEBS, and YANG (October 2024). WANT itself has seen operational enhancements like Direxion's ETF Alert Service rollout in January 2024 for real-time price and volume notifications.