Curated News
By: NewsRamp Editorial Staff
October 10, 2024

Direxion Launches New Semiconductor Pairs and Expands ETF Suite

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Source News Release

TLDR

  • Active traders can gain magnified or inverse exposure to Broadcom Inc. and Micron Technologies Inc. through Direxion's new leveraged and inverse ETFs.
  • Direxion's leveraged and inverse ETFs track the price of a single stock, allowing short-term trading, but not buy and hold investments.
  • Direxion's ETFs provide tools for active traders, but they require an in-depth understanding of risks and active monitoring to meet their objective.
  • Direxion's new semiconductor leveraged and inverse ETFs offer unique opportunities for active traders seeking short-term exposure to specific stocks.

Impact - Why it Matters

This news matters as it provides active traders with additional options for obtaining magnified or inverse exposure to the daily performance of specific semiconductor companies. It also highlights the importance of understanding the risks associated with leveraged and inverse ETFs, and the need for active monitoring and management of positions.

Summary

Direxion, a leading provider of tradeable ETFs, has announced the launch of two new semiconductor pairs to the market, just a week after releasing four additional Single Stock Leveraged and Inverse ETFs. The new funds allow active traders to obtain magnified, or inverse, exposure to the daily performance of the common stock of Broadcom Inc., or Micron Technologies Inc., through the Direxion Daily AVGO Bull 2X Shares (Ticker: AVL), Direxion Daily AVGO Bear 1X Shares (Ticker: AVS), Direxion Daily MU Bull 2X Shares (Ticker: MUU), and Direxion Daily MU Bear 1X Shares (Ticker: MUD). These leveraged and inverse ETFs are designed for short-term trading purposes and are not meant for buy and hold investments.

Source Statement

This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Direxion Launches New Semiconductor Pairs and Expands ETF Suite

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