ASYMshares ASYMmetric S&P 500 ETF (ASPY)
ASYMshares ASYMmetric S&P 500 ETF operates in the Asset Management industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $25.46, up 0.00% on the session, giving a market capitalisation of $17.0M. Its beta of 0.00 implies it has historically moved less than the broad market.
This ETF employs a systematic, data-driven long/short hedging approach. Its primary goal is to mitigate losses during downturns by holding a net short position relative to the S&P 500 Index, while simultaneously participating in the majority of gains during bull markets by being net long. Typically, at least 80% of the fund's total assets will be invested in securities and cash from the index's "Long Book" under normal market circumstances.
ASYMshares ASYMmetric S&P 500 ETF is most often compared with the following Financial Services names: