About Direxion Daily Utilities Bull 3X Shares (UTSL)

Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Utilities Index. The fund aims to provide investors with a magnified exposure to the utilities sector, making it suitable for those looking for leveraged returns. UTSL is designed to be held for short-term trading purposes, as its performance may deviate significantly from the index over longer periods of time.

The utilities sector is comprised of companies involved in the production and delivery of essential services such as electricity, gas, and water. These companies are typically regarded as defensive investments, as demand for their services tends to remain stable regardless of economic conditions. In times of uncertainty, investors often turn to utilities as a safe haven, due to their reliable income streams and relative stability. UTSL aims to take advantage of these characteristics by providing triple the exposure to the utilities sector.