Rydex Energy Services Inv (RYVIX)
Rydex Energy Services Inv operates in the Asset Management industry of the Financial Services sector, headquartered in Rockville, MD, US. The stock last traded at $333.24, down 0.60% on the session, giving a market capitalisation of $6.6M. Its beta of 0.76 implies it has historically moved less than the broad market.
Under typical market conditions, the fund commits a substantial portion (at least 80%) of its net assets to equity securities of U.S.-traded Energy Services Companies and various derivative instruments. These derivatives primarily include futures and options linked to securities, futures contracts, and stock indices. The fund also has the flexibility to invest significantly in Energy Services Companies with small to mid-sized market capitalizations. Furthermore, it may acquire American Depositary Receipts (ADRs) to gain exposure to non-U.S. Energy Services Companies. The portfolio may also include U.S. government securities. Notably, the fund operates on a non-diversified basis.
Rydex Energy Services Inv is most often compared with the following Financial Services names: