Rydex Banking Inv (RYKIX)
Rydex Banking Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $141.37, up 0.89% on the session, giving a market capitalisation of $14.0M. Its beta of 1.13 implies it has historically moved more than the broad market.
The fund primarily allocates at least 80% of its net assets to equity holdings of U.S.-traded banking corporations. It also utilizes financial derivatives, predominantly comprising futures contracts and options tied to securities, other futures contracts, and stock market indices. A substantial portion of its investments may target shares of banking firms with small to mid-tier market capitalizations.
Rydex Banking Inv is most often compared with the following Financial Services names: