NIFE Direxion Fallen Knives ETF

Seeks to track, before fees and expenses, the Indxx US Fallen Knives Index.The Index is designed to track the performance of companies listed in the United States that have generated negative returns in the recent past, but are candidates for likely revival in the future, on account of their sound financial health. Eligible stocks include common stocks and ADRs with a minimum total market capitalization of $500 million. Securities with 1-yr momentum below -15% are shortlisted. Momentum is calculated as the total return over the last one year excluding the most recent month. Based on the following liquidity/solvency ratios, a composite financial health score is calculated for each security: 1) Current Ratio 2) Cash Flow Coverage Ratio 3) Debt to Equity. The top 50 securities by highest composite score are selected.

$42.70  -0.53 (-1.22%)
As of 05/20/2022 12:08:24 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     Direxion Funds
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  
Leverage factor:  1.00
Inception date:  06/11/2020
Index tracking method: Passive replication
Current yield:  7.30%
Historical average yield:  5.86%
Market cap:  $3,242,023
Average volume:  397
Fees:     0.5000%

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Index Information

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Indxx US Fallen Knives Index
Index symbol:  IUSNIFE
Provider:   indxx
Index weighting:   Market capitalization
Index inception date:  04/27/2020
Backtesting data exists:   Yes
Number of holdings:  49  (as of 06/12/2020)
Rebalanced:  Semi-annually
Reconstituted:  Annually
Factors used to select securities:
Quality Other