Direxion Russell Large Over Small Cap ETF (RWLS)
Direxion Russell Large Over Small Cap ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $70.81, up 1.76% on the session, giving a market capitalisation of $8.1M. Its beta of 0.00 implies it has historically moved less than the broad market.
This fund aims to replicate the investment performance of the Russell 1000/Russell 2000 150/50 Net Spread Index, before any deductions for fees and expenses. Typically, at least 80% of its capital (which may include funds acquired through borrowing for investment) is allocated to either the individual securities comprising the Long Component of this index or to exchange-traded funds (ETFs) that track the Long Component. The index itself measures the returns of a strategy combining a 150% long position in the Russell 1000 Index (referred to as the "Long Component") with a 50% short position in the Russell 2000 Index (known as the "Short Component"). A key characteristic of this fund is that it is non-diversified.
Direxion Russell Large Over Small Cap ETF is most often compared with the following Financial Services names: