Frequently Asked Questions About TAWK

What does TAWK invest in?

The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Communication Services Select Sector Index. The fund normally invests at least 80% of its net assets in financial instruments and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes domestic companies from the communication services sector, which includes the following industries: diversified telecommunications services, wireless communication services, media, entertainment, and etc. The fund is non-diversified.

What is the expense ratio of TAWK?

Direxion Daily Communication Services Index Bull 3X Shares (TAWK) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.

Is TAWK a good long-term hold?

TAWK is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does TAWK's daily reset work?

TAWK rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is TAWK?

Direxion Daily Communication Services Index Bull 3X Shares (TAWK) manages $6.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is TAWK actively managed or an index fund?

TAWK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

TAWK (Direxion Daily Communication Services Index Bull 3X Shares) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

TAWK

Direxion Daily Communication Services Index Bull 3X Shares

AMEX·Asset Management, Leveraged · Financial Services

$42.23$0.15+0.36%

Market closed·Oct 16 5:42 PM UTC

Price Chart

$42.23+$0.15 (+0.36%)today

+0.00%

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FromTo

Jan 14, 2019Aug 23, 2021 → Aug 23, 2026· 5.0 yrsAug 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)—

Distribution Yield (FWD)—

Annual Distribution (TTM)—

Distribution Yield (TTM)—

Distribution Growth (5Y)—

FrequencyQuarterly

Most Recent—

Ex-Dividend Date—

Payment Date—

Cost & RiskExpenses Tab

Expense Ratio0.98%

Cost per 10k Invested$98.00

AUM$6.20M

Avg Daily Volume11.40K

Price$42.23

NAV$42.16

Premium / Discount+0.17%

52-Week Range$12.78 – $53.60

Beta0.00

Fund Overview

Cost Verdict

Is TAWK's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Direxion
Asset Class: Equity
Strategy: Leveraged
Inception: January 14, 2019
Fund Type: ETF
Domicile
Currency: USD
ISIN
CUSIP

Peers

Peers Tab

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Latest News

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Frequently Asked Questions About TAWK

What does TAWK invest in?: The investment seeks daily investment results, before fees and expenses, of 300% of the daily performance of the Communication Services Select Sector Index. The fund normally invests at least 80% of its net assets in financial instruments and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes domestic companies from the communication services sector, which includes the following industries: diversified telecommunications services, wireless communication services, media, entertainment, and etc. The fund is non-diversified.
What is the expense ratio of TAWK?: Direxion Daily Communication Services Index Bull 3X Shares (TAWK) charges an expense ratio of 0.98%. This is the annual fee deducted from fund assets to cover management and operations.
Is TAWK a good long-term hold?: TAWK is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does TAWK's daily reset work?: TAWK rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is TAWK?: Direxion Daily Communication Services Index Bull 3X Shares (TAWK) manages $6.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is TAWK actively managed or an index fund?: TAWK's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.