Direxion Russell 1000 Growth Over Value ETF (RWGV)
Direxion Russell 1000 Growth Over Value ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $86.03, down 1.83% on the session, giving a market capitalisation of $11.6M. Its beta of 1.17 implies it has historically moved more than the broad market.
This exchange-traded fund (RWGV) generally invests a significant portion—at least 80%—of its net capital (which includes any funds acquired through borrowing for investment purposes) into either the direct holdings or other ETFs that mirror the "Long Component" of its benchmark index. The performance of this benchmark index is derived from a theoretical portfolio that holds a 150% long position in the Russell 1000 Growth Index (termed the "Long Component") while simultaneously taking a 50% short position against the Russell 1000 Value Index (referred to as the "Short Component"). It is important to note that this fund is structured as a non-diversified investment.
Direxion Russell 1000 Growth Over Value ETF is most often compared with the following Financial Services names: