Direxion Russell 1000 Value Over Growth ETF (RWVG)
Direxion Russell 1000 Value Over Growth 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 $53.08, down 2.46% on the session, giving a market capitalisation of $14.1M. Its beta of 0.88 implies it has historically moved less than the broad market.
This fund aims to replicate an index that constructs its portfolio with a 150% long position in the Russell 1000 Value Index (designated as the "Long Component") alongside a 50% short position in the Russell 1000 Growth Index (referred to as the "Short Component"). Under typical market conditions, the fund commits a minimum of 80% of its net assets, inclusive of any borrowed capital for investment, directly into the securities that constitute the Long Component or into exchange-traded funds (ETFs) designed to mirror the Long Component's performance. It is structured as a non-diversified fund.
Direxion Russell 1000 Value Over Growth ETF is most often compared with the following Financial Services names: