How have MUTE shares performed in 2024?

Direxion Daily Communication Services Index Bear 3X Shares' stock was trading at $45.65 at the beginning of the year. Since then, MUTE shares have increased by 0.0% and is now trading at $45.65. View the best growth stocks for 2024 here .

What does MUTE invest in?

Direxion Daily Communication Services Index Bear 3X Shares is a equity fund issued by Direxion. MUTE focuses on telecommunications investments and follows the Communication Services Select Sector Index. The fund's investments total to approximately $2.64 million assets under management.

What is the management fee for Direxion Daily Communication Services Index Bear 3X Shares?

Direxion Daily Communication Services Index Bear 3X Shares' management fee is 0.75% and has other expenses of 0.33%. However, MUTE has a fee waiver of -0.01% to reimburse the expenses. The net expense ratio for MUTE is 1.07%.

What other stocks do shareholders of Direxion Daily Communication Services Index Bear 3X Shares own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Direxion Daily Communication Services Index Bear 3X Shares investors own include SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (BIL) , AbbVie (ABBV) , Bristol-Myers Squibb (BMY) , iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) , Intel (INTC) , iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) , Netflix (NFLX) , Pfizer (PFE) , QUALCOMM (QCOM) and iShares 20+ Year Treasury Bond ETF (TLT) .

How do I buy shares of Direxion Daily Communication Services Index Bear 3X Shares?

Shares of MUTE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEARCA:MUTE

Direxion Daily Communication Services Index Bear 3X Shares (MUTE) Price, Holdings, & News

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$45.65

-0.18 (-0.39%)

(As of 10/16/2020)

Compare

Today's Range: $45.65
▼
$45.65
50-Day Range: $45.65
▼
$45.65
52-Week Range: $39.25
▼
$230.90

Volume: 2,400 shs
Average Volume: 620 shs
Market Capitalization: $2.51 million

Assets Under Management: $2.64 million
Dividend Yield: 0.09%
Net Expense Ratio: 1.07%

Stock Analysis

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MUTE Stock Price History

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Fund Details

Issuer: Direxion
Fund Name: Direxion Daily Communication Services Index Bear 3X Shares
Tax Classification: Regulated Investment Company
Stock Exchange: NYSEARCA
Current Symbol: NYSEARCA:MUTE
Inception Date: 1/14/2019
Fund Manager: Paul Brigandi, Tony Ng
Web: N/A
Phone: N/A

Fund Focus

Asset Class: Equity
Benchmark: Communication Services Select Sector Index
Category: Sector
Focus: Telecommunications
Development Level: Developed Markets
Region: North America
Number of Holdings: 0

Fund Statistics

Assets Under Management: $2.64 million
Average Daily Volume: $1,239.00
Discount/Premium: -0.06%

Administrator, Advisor and Custodian

Administrator: U.S. Bancorp Fund Services, LLC
Advisor: Rafferty Asset Management, LLC
Custodian: The Bank of New York Mellon Corporation
Distributor: Foreside Fund Services, LLC
Transfer Agent: The Bank of New York Mellon Corporation
Trustee: N/A
Lead Market Maker: N/A

Miscellaneous

Outstanding Shares: 55,000
Beta: N/A

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Direxion Daily Communication Services Index Bear 3X Shares Expenses

Type	MUTE	Telecommunications ETFs	Equity ETFs	NYSEARCA ETFs	All ETFs
Management Fee	0.75%	0.63%	0.54%	0.50%	0.51%
Other Expenses	0.33%	0.35%	0.54%	0.64%	0.58%
Total Expense	1.08%	0.86%	0.70%	0.74%	0.70%
Fee Waiver	-0.01%	-0.01%	-0.55%	-0.68%	-0.57%
Net Expense	1.07%	0.86%	0.60%	0.58%	0.58%