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home / news releases / OOTO - Direxion is set to launch two new leveraged ETFs

OOTO - Direxion is set to launch two new leveraged ETFs

Direxion Daily Travel & Vacation Bull 2X Shares
Nastassia Samal/iStock via Getty Images Direxion is set to launch two new leveraged exchange traded funds today. The two ETFs are the Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and the Direxion Daily 5G Communications Bull 2X Shares (TENG). OOTO tracks the BlueStar Travel and Vacation Index, which offers investors exposure to global commercial airlines, hotels, resort casinos, travel agencies, online travel booking sites, hotel REITs, cruise lines, and theme parks and ski resorts. TENG tracks the BlueStar 5G Communications Index, which offers market participants exposure to companies whose products and services are economically tied to the market's adoption of 5G networking and communication technologies. OOTO has an overall sector weighting that favors the consumer discretionary space as the sector represents 54.30% of the ETF. Additionally, the fund comes with an expense ratio of 1.07%, and its top three holdings are Walt Disney, Booking Holdings Inc, and Marriott International.

For further details see:

Direxion is set to launch two new leveraged ETFs
Stock Information
Company Name: Direxion Daily Travel & Vacation Bull 2X Shares
Stock Symbol: OOTO
Market: NYSE
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