The investment seeks investment results, before fees and expenses, that track the S&P 500® 150/50 Quality 0.30% Decrement Index. The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in securities that comprise the Long Component of the index or shares of exchange-traded funds (ETFs) on the Long Component of the index. The index consists of a portfolio that has 150% long exposure to the S&P 500® Quality Index (the Long Component) and 50% short (or inverse) exposure to the S&P 500® Quality - Lowest Quintile Index (the Short Component). It is non-diversified.
Research context
Direxion S&P 500 High minus Low Quality ETF appears in PyInvesting’s ETF catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
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