Direxion MSCI Cyclicals Over Defensives ETF (RWCD)
Direxion MSCI Cyclicals Over Defensives ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $77.10, up 2.74% on the session, giving a market capitalisation of $13.7M. Its beta of 0.00 implies it has historically moved less than the broad market.
The Direxion MSCI Cyclicals Over Defensives ETF (RWCD) aims to replicate the investment performance of the MSCI USA Cyclical Sectors - USA Defensive Sectors 150/50 Return Spread Index, prior to the deduction of fees and expenses. Under normal operating conditions, the fund dedicates at least 80% of its total net assets, with additional leverage obtained through borrowing for investment purposes, to either the direct securities or exchange-traded funds (ETFs) that constitute the "Long Component" of this benchmark index. The underlying index itself is designed to measure the returns of a portfolio that maintains a 150% long exposure to the MSCI USA Cyclical Sectors Index, offset by a 50% short exposure to the MSCI USA Defensive Sectors Index. It is important to note that this fund operates as a non-diversified investment vehicle.
Direxion MSCI Cyclicals Over Defensives ETF is most often compared with the following Financial Services names: