Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN)
Vesper U.S. Large Cap Short-Term Reversal Strategy ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $29.22, down 0.05% on the session, giving a market capitalisation of $12.3M. Its beta of 0.71 implies it has historically moved less than the broad market.
The Vesper U.S. Large Cap Short-Term Reversal Strategy ETF (UTRN) primarily dedicates a minimum of 80% of its total holdings to assets found within its benchmark index. This underlying index is constructed to monitor the returns of a focused portfolio comprising 25 individual stocks. These equities are chosen from the broader S&P 500 Index, specifically identified by Vesper Capital Management, LLC, because they are deemed most likely to exhibit the "short-term reversal" phenomenon. This selection process relies on a distinctive, in-house algorithmic tool, referred to as "Chow's Ratio" or simply "the Algorithm."
Vesper U.S. Large Cap Short-Term Reversal Strategy ETF is most often compared with the following Financial Services names: