Direxion Investments begun trading 2 new ETFS, the Direxion Daily Cyber Security Bull 2x Shares (NYSEArca: HAKK) and the Direxion Daily Cyber Security Bear 2x Shares (NYSEArca: HAKD) on Wednesday, September 16, 2015.
1.
FUND INFORMATION:
| Symbol: HAKK | Exchange: NYSE Arca |
| Name: Direxion Daily Cyber Security Bull 2x Shares | Net Expense Ratio: 0.80% |
FUND OBJECTIVE:
The Direxion Daily Cyber SecurityBull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the ISE Cyber Security Index.
HAKD CLOSED 03/31/2017
2.
FUND INFORMATION:
| Symbol: HAKD | Exchange: NYSE Arca |
| Name: Direxion Daily Cyber Security Bear 2x Shares | Net Expense Ratio: 0.80% |
FUND OBJECTIVE:
The Direxion Daily Cyber Security Bear 2x Shares seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the ISE Cyber Security Index.
REFERENCE INDEX:
The ISE Cyber Security Index is comprised of domestic and foreign companies that are cyber security infrastructure providers (hardware/software developers) or that provide cyber security services, and for whom cyber security is a key driver of the company’s business.
Cyber security refers to products, such as hardware or software, and services designed to protect computer hardware, software, networks and data from unauthorized access, vulnerabilities, attacks and other security breaches.International Securities Exchange, LLC (“ISE” or “Index Provider”) utilizes proprietary research and analysis, which includes reviewing a variety of publicly available information, such as financial statements and other reports provided by issuers to determine if a company is actively engaged in providing cyber security infrastructure such as hardware or software (“Infrastructure Sector”) or cyber security services (“Service Provider Sector”). Companies are then screened by the Index Provider for investibility, which requires a company not be listed on an exchange in a country that has certain restrictions on foreign capital investment, has a minimum market capitalization of $100 million, meets liquidity requirements and is an operating company (rather than a pass-through security). Exposure to a company is capped at 20% and the cumulative weighting of all companies with an individual weighting of 5% or greater do not in the aggregate account for more than 50% of the weighting of the Index. The Index’s components are reviewed and rebalanced semi-annually; however, weightings may be adjusted in between rebalance dates if a company’s Index weighting exceeds 20% of the Index. The Index uses market capitalization weighted allocation across the Infrastructure and Service Provider Sectors as well as an equal-weighted allocation for all components within each sector allocation.
As of August 18, 2015, the Index was comprised of 32 stocks. The Index has an average market capitalization of $8.5 billion and a market capitalization range of $97.7 million to $143.7 billion as of August 18, 2015. Components of the Index include the technology and telecommunications industry as of August 18, 2015.
Top 10 index companies (09/16/2015):
| Fortinet Inc | 4.86% |
| Trend Micro Inc/Japan | 4.77% |
| Science Applications International Corp | 4.56% |
| Juniper Networks Inc | 4.46% |
| Palo Alto Networks Inc | 4.44% |
| Imperva Inc | 4.43% |
| Intralinks Holdings Inc | 4.43% |
| Check Point Software Technologies Ltd | 4.43% |
| Proofpoint Inc | 4.42% |
| Cisco Systems Inc | 4.31% |
Index Sector Breakdown (09/15/2015):
| Systems Software | 54.14% |
| Communications Equipment | 18.38% |
| Internet Software & Services | 9.60% |
| Application Software | 8.01% |
| IT Consulting & Other Services | 7.04% |
| Aerospace & Defense | 2.82% |
Useful Links:
HAKK, HAKD Home Page
Category: Equities> Global> Global Sectors