Direxion MSCI USA ESG - Leaders vs. Laggards ETF (ESNG)
Direxion MSCI USA ESG - Leaders vs. Laggards ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $70.01, down 1.21% on the session, giving a market capitalisation of $8.6M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle's primary objective is to mirror the performance of the MSCI USA ESG Universal Top - Bottom 150/50 Return Spread Index, prior to accounting for fees and expenses. Ordinarily, at least 80% of the fund's net assets, including any capital acquired through borrowing for investment purposes, will be allocated to the securities comprising the Long Component. The underlying index itself consists of a portfolio that holds a 150% long position in the MSCI USA ESG Universal Top 100 5% Issuer Capped Index (known as the "Long Component"), alongside a 50% short (or inverse) position in the MSCI USA ESG Universal Bottom 100 5% Issuer Capped Index (referred to as the "Short Component"). This fund is characterized by its non-diversified investment approach.
Direxion MSCI USA ESG - Leaders vs. Laggards ETF is most often compared with the following Financial Services names: