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XNTK

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    238.8182$
  • Previous Close
    234.544$
  • 52 Week Change
    --
  • Day Range
    4.27$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

XNTK.US represents the Direxion Daily Semiconductor Bull 3X Shares ETF. This ETF is designed to deliver triple (3x) the daily performance of the ICE Semiconductor Index, before fees and expenses. It is a leveraged ETF, meaning it uses financial derivatives and debt to amplify the returns of the underlying index. As such, it is important to note that leveraged ETFs are designed for short-term trading and are not suitable for long-term investment due to the effects of compounding and potential for significant losses, especially in volatile markets. The ICE Semiconductor Index tracks the performance of the 30 largest U.S. listed semiconductor companies.
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Factors

Index Performance: The underlying index's (Nasdaq Transportation Index) performance directly impacts XNTK's NAV and market price.

Supply and Demand: Increased demand for XNTK can drive up its price, while higher supply can lower it.

Component Stock Prices: Changes in the prices of the constituent transportation stocks significantly influence XNTK's value.

Economic Conditions: Overall economic health affects transportation demand, indirectly impacting XNTK.

Interest Rates: Rising interest rates can negatively impact transportation companies and potentially XNTK.

Market Sentiment: Investor attitudes toward the transportation sector influence buying and selling pressure.

ETF Management Fees: The fund's expense ratio slightly reduces overall returns and price.

Regulatory Changes: New regulations affecting the transportation industry can impact stock valuations.

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