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TENG (Direxion Daily 5G Communications Bull 2X Shares) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, 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valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how TENG's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
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The fund tracks a rules-based index, which is a tiered, modified market capitalization-weighted portfolio of U.S.-listed equity securities. These companies are chosen for their significant economic connection to the widespread adoption and evolution of 5G networking and communication technologies. To achieve its investment objective, the fund commits a minimum of 80% of its net assets to financial instruments and Exchange Traded Funds (ETFs) that closely mirror this specific index, or to other financial instruments engineered to offer daily leveraged exposure to the index or its associated ETFs. This fund operates as a non-diversified investment vehicle.
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.