Name of ETF: Direxion Daily Japan Bull 3x Shares
Benchmark Index: MSCI Japan Total Return Index
Ticker Symbol: JPNL
Approximate Number of Stocks in this ETF: 300
Leveraged ETF: This ETF attempts to produce leveraged daily returns above the benchmark index results based on a multiplier. In the case of this ETF, the multiplier is 3x (300%). This means the ETF is seeking results equal to 300% of the benchmark index performance.
Types of Stocks Included in this ETF: Large and mid-sized companies from Japan. The index in which this ETF is based upon is a broad-based index designed to represent a significant percentage of the Japanese stock market.
Sector Weightings: The sectors with the most representation (largest weight) have historically been the consumer discretionary, financial and industrial sectors.