About Direxion Daily Cnsmr Discret Bull 3XShrs (WANT)

The Direxion Daily Cnsmr Discret Bull 3XShrs (WANT) is an exchange-traded fund (ETF) that seeks to provide daily investment results, before fees and expenses, of 300% of the performance of the Consumer Discretionary Select Sector Index. This ETF is designed for investors seeking to gain leveraged exposure to the consumer discretionary sector. It is important to note that due to its leveraged nature, the Direxion Daily Cnsmr Discret Bull 3XShrs should only be used by experienced investors who are willing to accept the potential for significant volatility and risk.

The ETF's price history reflects its leveraged and daily performance. As a 3x leveraged ETF, the Direxion Daily Cnsmr Discret Bull 3XShrs magnifies the daily movements of the underlying index. This means that if the index goes up by 1%, the ETF aims to go up by 3%, and vice versa. It is important for investors to understand that this leverage amplifies both gains and losses, and holding the ETF for longer periods may not result in magnified returns due to compounding effects.