Rydex Transportation Inv (RYPIX)
Rydex Transportation Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $71.42, down 0.36% on the session, giving a market capitalisation of $6.0M. Its beta of 1.30 implies it has historically moved more than the broad market.
Under normal market conditions, this fund commits a minimum of 80% of its total assets to common stocks of transportation sector companies traded within the United States. It also strategically employs derivative instruments, primarily consisting of futures contracts and options on equities, other futures contracts, and market indices. A significant portion of the fund's capital may be directed towards transportation businesses with small to medium market valuations. To access international transportation firms, the fund has the option to purchase American Depositary Receipts (ADRs), and it may also invest in U.S. government debt.
Rydex Transportation Inv is most often compared with the following Financial Services names: