DIVA QuantShares Hedged Dividend Income ETF

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DIVA QuantShares Hedged Dividend Income ETF

Seeks to track, before fees and expenses, the INDXX Hedged Dividend Income Index. The Index rebalances monthly by identifying the highest dividend stocks as long positions, and the lowest dividend stocks as short positions. The Index invests in stocks with stable or growing dividends that trade at high yields; to reduce risk the Index shorts stocks in each sector which have unstable or low dividends. The Index in 100% long and 50% short at the time of rebalances. The maximum weight for any sector in the long portfolio is 25% and 15% for industries. Sector and industry weights in the short portfolio are 50% of the size of the long sector weights. The Index has 100 long positions and approximately 150-200 short positions.

As of 06/15/2022     IEX book   CBOE book

ETF Information
Sponsor:     AGF
Category1:  Alternatives
Category2:  Long/short equity
Category3:  US stocks
Morningstar category:  Long-Short Equity
Leverage factor:  1.00
Inception date:  01/14/2015
Index tracking method: Passive replication
Current yield:  0.03%
Historical average yield:  3.82%
Market cap:  $3,933,435
Average volume:  24,386
Fees:     0.7500%

Index Information
Indxx Hedged Dividend Income Index
Index symbol:  IDIVALS
Provider:   indxx
Index weighting:   Dividend weighted
Index inception date:  05/17/2019
Backtesting data exists:  
Rebalanced:  Monthly

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