Rydex Electronics Inv (RYSIX)
Rydex Electronics Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $983.17, up 1.44% on the session, giving a market capitalisation of $189.4M. Its beta of 2.20 implies it has historically moved more than the broad market.
Under typical conditions, the fund commits a minimum of 80% of its net assets to common stocks of electronics companies traded within the United States. This allocation also includes derivative instruments, primarily consisting of futures contracts and options that relate to individual securities, other futures contracts, and stock market indices. The fund has the discretion to make significant investments in electronics firms with small to medium market capitalizations. Furthermore, it may utilize American Depositary Receipts (ADRs) to gain exposure to international electronics businesses and can hold U.S. government securities. The fund is classified as non-diversified.
Rydex Electronics Inv is most often compared with the following Financial Services names: