Direxion Zacks MLP High Income Index Shares (ZMLP)
Direxion Zacks MLP High Income Index Shares operates in the Asset Management - Income industry of the Financial Services sector, headquartered in US. The stock last traded at $53.54, down 1.37% on the session, giving a market capitalisation of $40.1M. Its beta of 2.08 implies it has historically moved more than the broad market.
This fund aims to replicate the price appreciation and income generation of the Zacks MLP High Income Index, prior to accounting for fees and expenses. Typically, it allocates at least 80% of its net assets to the securities included in that index. The index itself is made up of 25 master limited partnerships (MLPs) listed on U.S. stock exchanges. This investment vehicle operates as a non-diversified fund.
Direxion Zacks MLP High Income Index Shares is most often compared with the following Financial Services names: