QMJ - Direxion S&P 500 High minus Low Quality ETF
|Ex-Dividend Date||Mar 23, 2021|
|Trading Day||April 13|
|Day's Range||60.14 - 61.04|
|52-Week Range||43.89 - 61.51|
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.
|Asset Class |
|Inception Date |
Feb 5, 2020
|Ticker Symbol |
|Index Tracked |
SP 500 150/50 Quality 0.30% Decrement Index
Top 10 Holdings91.92% of assets
|S&P 500 QUALITY U.S DOLLARS INDEX SWAP||n/a||54.33%|
|Johnson & Johnson||JNJ||4.52%|
|DREYFUS GOVT CASH MGMT||n/a||4.47%|
|Procter & Gamble||PG||4.30%|
|Mar 23, 2021||$0.096||Mar 30, 2021|
|Dec 22, 2020||$0.212||Dec 30, 2020|
|Sep 22, 2020||$0.172||Sep 29, 2020|
|Jun 23, 2020||$0.201||Jun 30, 2020|
|Mar 24, 2020||$0.161||Mar 31, 2020|
U.S. equity markets experienced one of the swiftest bear markets in history earlier this year and one of the most rapid rebounds on record.
Once again, the quality factor is delivering for investors, providing support to exchange-traded funds, such as the Direxion S&P 500 High minus Low Quality ETF (NYSE: QMJ).
While markets have moved higher since the March lows were formed, not all stocks have performed equally as well. For example, tech stocks have been on fire until recently, as the Nasdaq Composite has so...
Three days of impressive market action notwithstanding, stocks still aren't out of the woods just yet.
In an equities environment as volatile as it is now, investors can look to quality when it comes to seeking areas where they can park their capital. This can apply to thematic areas, such as environment...