Northern Lights Fund Trust III - PlanRock Market Neutral Income ETF (PRMN)
Northern Lights Fund Trust III - PlanRock Market Neutral Income ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $27.02, up 0.28% on the session, giving a market capitalisation of $2.8M. Its beta of 0.11 implies it has historically moved less than the broad market.
This exchange-traded fund (ETF) utilizes a sophisticated, systematic investment strategy. It primarily invests in a global portfolio of high-dividend-yielding stocks and exchange-traded funds (ETFs) that are publicly traded and exhibit substantial liquidity. To offset directional market risk and achieve a market-neutral posture, the fund strategically employs short positions in equity index futures. Furthermore, the strategy leverages a broader array of derivatives, including both long and short equity index futures, volatility futures, options, and options on futures, to meticulously manage overall portfolio volatility, aiming for stability comparable to that of the global bond market. The overarching objective is to generate consistent, high dividend income alongside long-term capital appreciation.
Northern Lights Fund Trust III - PlanRock Market Neutral Income ETF is most often compared with the following Financial Services names: