Themes Airlines ETF (AIRL)
Themes Airlines ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Los Angeles, CA, US. The stock last traded at $34.54, down 1.11% on the session, giving a market capitalisation of $955,175. Its beta of 1.09 implies it has historically moved more than the broad market.
The Themes Airlines ETF (AIRL) is designed to mirror an underlying index. This index focuses on companies operating within the air travel industry, and it weights these firms according to the market value of their publicly available shares (known as free float adjusted market capitalization). Under normal market conditions, the fund commits at least 80% of its total assets, including any funds borrowed for investment purposes, to the securities that make up this index. This allocation can also include American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) tied to those same index components. Investors should be aware that this fund is non-diversified, indicating a concentrated investment strategy.
Themes Airlines ETF is most often compared with the following Financial Services names: