Arrow Reverse Cap 500 ETF (RVRS)
Arrow Reverse Cap 500 ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $22.97, up 0.17% on the session, giving a market capitalisation of $20.5M. Its beta of 1.28 implies it has historically moved more than the broad market.
The fund's primary goal is to replicate the investment results, prior to the deduction of fees and operational costs, of the Reverse Cap Weighted U.S. Large Cap Index. Typically, a minimum of 80% of its total assets, including any borrowed capital for investment, will be allocated to large-capitalization stocks primarily listed and traded in the United States. This benchmark index is systematically constructed with a reverse capitalization weighting methodology, sourcing its constituents from the S&P 500® Index, which itself consists of around 500 major U.S.-listed enterprises, collectively representing approximately 80% of the total U.S. stock market capitalization.
Arrow Reverse Cap 500 ETF is most often compared with the following Financial Services names: