Direxion Russell Small Over Large Cap ETF (RWSL)
Direxion Russell Small Over Large Cap ETF operates in the Asset Management industry of the Financial Services sector. The stock last traded at $45.27, up 1.41% on the session, giving a market capitalisation of $3.4M. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment vehicle endeavors to replicate the performance of the Russell 2000/Russell 1000 150/50 Net Spread Index, prior to the deduction of fees and expenses. This underlying index outlines a portfolio strategy characterized by a 150% long position in the Russell 2000 Index (referred to as the "Long Component") alongside a 50% short position in the Russell 1000 Index (the "Short Component"). Under normal operating conditions, at least 80% of the fund's net assets (which may incorporate funds obtained through borrowing for investment) are allocated to either individual securities within the Long Component or to exchange-traded funds (ETFs) that track this Long Component. The fund is designated as non-diversified.
Direxion Russell Small Over Large Cap ETF is most often compared with the following Financial Services names: