Direxion Daily 5G Communications Bull 2X Shares

TENG provides 2x daily exposure to a tier-weighted index of US-listed companies related to 5G networks and communication technologies.

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2022 has so far left eclipsed 2021 when it comes to closures.

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The potential value of and uses for 5G in the enterprise (private 5G) are abundantly clearer - especially in the near term - than they are for consumers. The results from a recent study that surveyed 400 US-based IT decision makers about their current and/or planned usage of private cellular networks confirm those thoughts to a degree.

New Research Highlights Opportunities And Challenges For Private 5G

As the 5G rollout continues, one trading opportunity to look to is the Direxion Daily 5G Communications Bull 2X Shares (TENG). A sustained return to open venues, such as stadiums and other large city areas where crowds gather, could be a major catalyst for 5G.

An Economic Rebound Benefits the 5G Rollout

Direxion Daily Travel & Vacation Bull 2X Shares

Last week Direxion launched two new daily leveraged funds, the Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and the Direxion Daily 5G Communications Bull 2X Shares (TENG). ETF Trends spoke with Dave Mazza, Managing Director at Direxion, about the launch, as well as the process of building out a 5G environment.

Direxion Talks New Leveraged Funds and 5G Environment

On Thursday, Direxion launched the Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and the Direxion Daily 5G Communications Bull 2X Shares (TENG). The Funds seek to achieve 200% of the daily performance of the BlueStar® Travel and the Vacation Index and BlueStar® 5G Communications Index, respectively.

News for Direxion Daily 5G Communications Bull 2X Shares ETF (TENG)