Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
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About Direxion Shares ETF Trust Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares
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Inception date
Aug 11, 2022
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
EVAV provides daily 2x exposure to an index of companies in the autonomous electric vehicles industry. The fund will comprise those that derive at least 50% of their revenue from engagements in specified sub-themes, such as manufacturers, enablers, and software and technology developers. Besides liquidity and tradability requirements, eligible securities must be listed on a US exchange, and have a market-cap of at least 500 million USD. The largest 25 pure-play companies will comprise the index, with quasi-play firms completing the roster if few pure-plays qualify. Selected constituents will then be assigned a weighting in accordance with their 6-month average daily value traded, with individual capping at 8%. The index is rebalanced quarterly and reconstituted annually. As a leveraged product with 2x factor that resets daily, EVAV is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Consumer Durables
Technology Services
Producer Manufacturing
Cash
Stocks60.52%
Consumer Durables28.64%
Technology Services13.98%
Producer Manufacturing10.62%
Electronic Technology3.64%
Retail Trade3.64%
Bonds, Cash & Other39.48%
Cash39.48%
Stock breakdown by region
North America45.85%
Asia45.53%
Middle East4.88%
Europe3.74%
Latin America0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EVAV invests in stocks. The fund's major sectors are Consumer Durables, with 28.64% stocks, and Technology Services, with 13.98% of the basket. The assets are mostly located in the Cash region.
EVAV last dividends amounted to 0.05 USD. The quarter before, the issuer paid 0.19 USD in dividends, which shows a 318.07% decrease.
EVAV assets under management is 3.36 M USD. It's risen 4.06% over the last month.
EVAV fund flows account for −1.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, EVAV pays dividends to its holders with the dividend yield of 2.35%. The last dividend (Apr 1, 2025) amounted to 0.05 USD. The dividends are paid quarterly.
EVAV shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on Aug 11, 2022, and its management style is Passive.
EVAV expense ratio is 0.98% meaning you'd have to pay 0.98% of your investment to help manage the fund.
EVAV follows the Indxx US Electric and Autonomous Vehicles Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EVAV invests in stocks.
EVAV price has risen by 9.55% over the last month, and its yearly performance shows a 20.14% increase. See more dynamics on EVAV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 20.11% over the last month, showed a 1.23% increase in three-month performance and has increased by 17.15% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 20.11% over the last month, showed a 1.23% increase in three-month performance and has increased by 17.15% in a year.
EVAV trades at a premium (0.06%) meaning the ETF is trading at a higher price than the calculated NAV.