Direxion Fallen Knives ETF (NIFE)
Direxion Fallen Knives ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $45.20, down 2.55% on the session, giving a market capitalisation of $2.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
This exchange-traded fund typically dedicates at least 80% of its portfolio, under ordinary conditions, to the components of its benchmark index or to investments demonstrating comparable economic attributes. The index, meticulously constructed by Indxx, LLC, targets U.S. equity securities that have undergone substantial share price depreciation over the preceding year. However, a key criterion for inclusion is their robust financial standing, which signals a prospective recovery in their stock value. Importantly, this fund is classified as non-diversified.
Direxion Fallen Knives ETF is most often compared with the following Financial Services names: