Direxion Daily Technology Top 5 Bear 2X ETF(AMEX:TTXD)

TTXD provides -2x leveraged exposure to the top 5 US information technology companies from S&P 500. These five stocks are selected based on their market capitalization and are weighted equally. The fund primarily invests in financial instruments, such as swaps, futures, and ETFs tracking the index. Additionally, it may hold both index and non-index securities. Providing hyper-concentration in the energy sector, TTXD is not designed to be a long-term investment. Instead, it should be used as a short-term trading vehicle. The fund is a leveraged product with a -2x daily resetting factor and is likely to stray from the returns of the underlying index, especially over longer holding periods due to compounding. The fund may have a high portfolio turnover rate. The Index is rebalanced quarterly and reconstituted annually.