Direxion Daily Communication Services Index Bear 3X Shares (MUTE) ETF Holdings & Analysis

What MUTE does

The Direxion Daily Communication Services Index Bear 3X Shares fund (MUTE) is structured to provide daily investment outcomes, prior to the deduction of fees and expenses, that are three times the opposite of the daily movement of the Communication Services Select Sector Index. To achieve this amplified inverse exposure, the fund typically allocates at least 80% of its net assets to various financial instruments, including swap agreements, futures contracts, and short selling positions. The underlying Communication Services Select Sector Index consists of U.S.-based companies within the communication services industry, covering sectors such as diversified telecommunications, wireless communication, media, and entertainment. This fund is characterized as non-diversified.

Fund profile

PortView Portfolio Insights

PortView analyzes how MUTE fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does MUTE track?

MUTE is the Direxion Daily Communication Services Index Bear 3X Shares, a Other ETF.

What is the expense ratio of MUTE?

Expense ratio data for MUTE is shown on the page when available from our data provider.

What are the largest holdings in MUTE?

MUTE's top holdings are listed on this page when available.

How can PortView analyze MUTE overlap with other ETFs?

PortView computes the holdings overlap between MUTE and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.