FNGG icon

Direxion Daily NYSE FANG+ Bull 2X Shares

191.54 USD
-4.99
2.54%
At close Feb 7, 4:00 PM EST
1 day
-2.54%
5 days
5.38%
1 month
3.43%
3 months
15.13%
6 months
68.59%
Year to date
5.33%
1 year
71.99%
5 years
-24.80%
10 years
-24.80%
0
Funds holding %
of 6,831 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding

Funds holding: 9 [Q2] → 9 (+0) [Q3]

0% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 4

2.44% less ownership

Funds ownership: 11.35% [Q2] → 8.9% (-2.44%) [Q3]

6% less capital invested

Capital invested by funds: $7.07M [Q2] → $6.66M (-$415K) [Q3]

36% less call options, than puts

Call options by funds: $281K | Put options by funds: $436K

67% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 3

Research analyst outlook

We haven’t received any recent analyst ratings for FNGG.

Financial journalist opinion

Negative
Seeking Alpha
1 week ago
FNGG: Climate Not Right For Swap-Based Leverage
The Direxion Daily NYSE FANG+ Bull 2X Shares ETF (FNGG) offers 2x daily leverage on a basket of equities, but is only suitable for sophisticated investors due to high risk. Key risks include volatility, compounding losses, liquidity issues, and concentration in similar stocks, making it unsuitable for long-term holding. FNGG employs equity index swaps to achieve leverage, which can amplify both gains and losses, necessitating active monitoring and management.
FNGG: Climate Not Right For Swap-Based Leverage
Neutral
Investors Business Daily
1 month ago
Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened
With breadth looking poor, we are going where the strength is. The post Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened appeared first on Investor's Business Daily.
Why We Targeted Magnificent Seven Stocks As Market Breadth Weakened
Positive
ETF Trends
6 months ago
Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally
Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.
Q2 Earnings Season Looms Large in Hopes for Broader Stocks Rally
Positive
ETF Trends
7 months ago
Top Performing Leveraged/Inverse ETFs: 07/07/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Top Performing Leveraged/Inverse ETFs: 07/07/2024
Neutral
ETF Trends
7 months ago
Top Performing Leveraged/Inverse ETFs: 06/16/2024
These were last week's top performing leveraged and inverse ETFs. Note that because of leverage, these kinds of funds can move quickly.
Top Performing Leveraged/Inverse ETFs: 06/16/2024
Positive
ETF Trends
1 year ago
Analysts Ready to Unleash the Bears on Apple's Stock
Apple's stock has been soaring the past year with a gain of over 30%, but some analysts might be unleashing the bears on its stock in 2024. With that, traders can take advantage of single-stock ETFs to capitalize on any short-term weakness Apple's stock may exhibit.
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