The Direxion Daily INTC Bull 2X ETF (LINT) offers aggressive, leveraged exposure to Intel Corporation (INTC) stock. With approximately $0.01 billion in assets under management, LINT seeks to deliver twice the daily performance of INTC. The fund's concentrated portfolio and leveraged strategy make it a high-risk, high-reward option for investors with a short-term outlook. Its expense ratio is 0.99%. Past performance does not guarantee future results.
The Direxion Daily INTC Bull 2X ETF (LINT) offers aggressive, leveraged exposure to Intel Corporation (INTC) stock. With approximately $0.01 billion in assets under management, LINT seeks to deliver twice the daily performance of INTC. The fund's concentrated portfolio and leveraged strategy make it a high-risk, high-reward option for investors with a short-term outlook. Its expense ratio is 0.99%. Past performance does not guarantee future results.
ETF Overview
The Direxion Daily INTC Bull 2X ETF seeks daily investment results, before fees and expenses, of 200% of the performance of the common shares of Intel Corporation (NASDAQ: INTC).
The Direxion Daily INTC Bull 2X ETF (LINT) is designed for investors seeking amplified daily returns based on the performance of Intel Corporation (INTC). LINT aims to provide 200% of the daily performance of INTC's common stock, before fees and expenses. This leveraged approach means that for every percentage point INTC's stock increases, LINT aims to increase by two percentage points, and vice versa. The fund achieves this through the use of derivatives and other financial instruments. As a result, LINT is not intended for long-term investment and is best suited for sophisticated investors with a high-risk tolerance who actively monitor their positions. The fund's portfolio is highly concentrated, with a significant portion of its assets directly tied to INTC. The ETF's sector allocation is entirely focused on Technology (100%).
Risk Metrics
LINT carries substantial risks due to its leveraged nature. The fund's beta is not available, but as a 2x leveraged fund, it is expected to have a high beta. The 0.99% expense ratio can create a significant drag on returns, especially if the fund is held for extended periods. The fund's concentration in a single stock, Intel Corp (INTC) at 11.54%, amplifies company-specific risk. The fund's country exposure is heavily weighted towards 'Other' (95.4%), with only 4.6% in the United States, which may introduce additional geopolitical and regulatory risks. Due to the daily reset, LINT is subject to the effects of compounding, which can lead to significantly different results than the underlying index over longer time horizons. Past performance does not guarantee future results.
The Direxion Daily INTC Bull 2X ETF (LINT) is an exchange-traded fund that seeks to provide daily investment results, before fees and expenses, of 200% of the performance of the common shares of Intel Corporation (INTC). This means that LINT aims to double the daily percentage change in INTC's stock price. It is designed for investors who want to make short-term, leveraged bets on the direction of Intel's stock. Due to its leveraged nature and daily reset, LINT is not intended for long-term investment strategies.
What is the expense ratio for LINT?
The expense ratio for LINT is 0.99%. This means that for every $10,000 invested in the fund, $99 is used to cover the fund's operating expenses annually. While it's difficult to find a direct category average for leveraged single-stock ETFs, this expense ratio is generally considered high compared to broad market ETFs, which often have expense ratios below 0.20%. this may be worth researching cost when evaluating the potential returns of LINT.
What are the top holdings in LINT?
As a leveraged ETF, LINT primarily utilizes derivatives to achieve its 2x daily exposure to Intel. Its top holding is Intel Corp (INTC), comprising 11.54% of the fund's assets. The remaining holdings are likely derivative instruments used to achieve the leveraged exposure. Investors should note that the composition of these derivative holdings can change frequently as the fund rebalances to maintain its target leverage ratio.
Is LINT a good long-term investment?
LINT is generally not considered a suitable long-term investment. Its leveraged structure and daily reset mechanism can lead to significant deviations from the underlying stock's performance over extended periods due to the effects of compounding. While it offers the potential for amplified gains in the short term, it also carries a high risk of substantial losses. Investors seeking long-term exposure to Intel may be better served by directly investing in INTC or a broader technology ETF.
How does LINT compare to similar ETFs?
LINT is unique in its focus on providing 2x daily leveraged exposure specifically to Intel (INTC). There are other leveraged ETFs that target different companies or broader indices, but few offer a direct comparison to LINT. The fund's expense ratio of 0.99% is relatively high compared to non-leveraged ETFs. Its small AUM of $0.01 billion indicates lower liquidity compared to more established ETFs. Investors should carefully consider these factors when comparing LINT to other investment options.
Does LINT pay dividends?
According to the provided data, LINT has a dividend yield of 0.00%. This suggests that the fund does not currently distribute dividends to its shareholders. The fund's focus is on providing leveraged daily exposure to the price movements of Intel (INTC), rather than generating income through dividends. Investors seeking dividend income should consider alternative investment options.