Daily Target 2X Long RIOT ETF (RIOX)
Daily Target 2X Long RIOT ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $26.86, up 0.84% on the session, giving a market capitalisation of $7.9M. Its beta of 9.28 implies it has historically moved more than the broad market.
This actively managed Exchange Traded Fund (ETF) strives to generate daily returns equivalent to two hundred percent (200%) of the price movement of its underlying asset. It achieves this leveraged exposure by strategically deploying financial derivatives, including, but not limited to, swap agreements and/or exchange-traded options contracts. Additionally, the fund's investment strategy is non-diversified.
Daily Target 2X Long RIOT ETF is most often compared with the following Financial Services names: