Arrow Reverse Cap 500 ETF (YPS)
Arrow Reverse Cap 500 ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $22.35, up 0.10% on the session, giving a market capitalisation of $8.9M. Its beta of 1.01 implies it has historically moved more than the broad market.
This ETF tracks a benchmark index that is constructed according to predefined rules, applying a reverse capitalization weighting scheme to its constituents. These holdings are drawn from the S&P 500 Index, a well-known gauge of the U.S. market, which encompasses approximately 500 leading American-listed companies that collectively represent about 80% of the total U.S. equity market capitalization. The fund aims to fulfill its investment objective primarily through a "replication" strategy, meaning it generally invests in nearly all the component securities of the underlying index, maintaining their approximate weightings to match the index structure.
Arrow Reverse Cap 500 ETF is most often compared with the following Financial Services names: