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TENG (Direxion Daily 5G Communications Bull 2X 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valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
2022 has so far left eclipsed 2021 when it comes to closures.
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.
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.
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.