Direxion Moonshot Innovators ETFDirexion Moonshot Innovators ETFDirexion Moonshot Innovators ETF

Direxion Moonshot Innovators ETF

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Key stats

Assets under management (AUM)
‪20.51 M‬USD
Fund flows (1Y)
‪−6.40 M‬USD
Dividend yield (indicated)
2.05%
Discount/Premium to NAV
−2.6%

About Direxion Moonshot Innovators ETF

Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.65%
Home page
Inception date
Nov 12, 2020
Index tracked
S&P Kensho Moonshots Index
Management style
Passive
MOON targets US companies that pursue innovative and disruptive technologies, or moonshot innovators. The selection universe is drawn from companies in the S&P Kensho New Economy indices or from the Wireless Telecommunication or Internet industries. To construct the portfolio, the index picks the top 50 companies with the highest early-stage composite innovation scores. This score is based on a natural language processing (NLP) algorithm used for keyword searches relating to the theme and on the companies research and development expense ratio to revenue. While MOON may include stocks of all capitalizations in its portfolio, the fund aims to focus on mid- and small-cap stocks and exclude mega-cap stocks. Furthermore, the index applies modified equal-weightingstocks are first equal-weighted, and then adjusted to meet liquidity, industry group, and diversification constraints. The index is rebalanced quarterly and reconstituted semi-annually.

Classification

Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Broad thematic
Strategy
Fundamental
Weighting scheme
Tiered
Selection criteria
Fundamental

Returns

1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund

As of June 20, 2024
Exposure type
StocksBonds, Cash & Other
Technology Services
Health Technology
Finance
Stocks99.63%
Technology Services37.63%
Health Technology30.64%
Finance10.62%
Electronic Technology8.89%
Producer Manufacturing7.41%
Consumer Durables2.17%
Commercial Services0.87%
Health Services0.75%
Industrial Services0.65%
Bonds, Cash & Other0.37%
Cash0.37%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends

Dividend payout history

Assets under management (AUM)

Fund Flows