Rydex Energy Inv (RYEIX)
Rydex Energy Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $353.66, up 1.01% on the session, giving a market capitalisation of $20.4M. Its beta of 0.18 implies it has historically moved less than the broad market.
Typically, this fund allocates a substantial portion (at least 80%) of its net assets to common stocks of U.S.-listed energy companies. It also employs derivatives, mainly futures and options contracts, whose underlying assets include securities, other futures, and various stock market indices. A significant part of its portfolio will be focused on energy firms with small to mid-range market capitalizations. Additionally, the fund has the flexibility to acquire American Depositary Receipts (ADRs) for access to international energy companies, and may also invest in U.S. government debt.
Rydex Energy Inv is most often compared with the following Financial Services names: