Direxion Moonshot Innovators ETF
Ticker: MOON
Exchange: NYSE Arca
Listing Date: November 12, 2020
Expense ratio: 0.65%
CUSIP: 25460G732
Index: S&P Kensho Moonshots Index
No. of Constituents: 50
- Universe: S&P Kensho New Economy index constituents or GICS Wireless Telecomm or Internet Services & Infrastructure sub-industries
- Min float market cap: $100 M
- 3 month ave daily trading vol: $1M
- Equal-weighted
- Reconstitution: annual
- Rebalance: semi-annual
Selection of 50 constituents based on combined highest score on innovation sentiment and allocation to innovation score:
- Innovation sentiment score: Natural language analysis of company's latest annual report looking for words related to innovation (!?) to find companies that use a greater than average variety of innovation terms.
- Allocation to innovation score: Ratio of R&D expenses to revenue compared to other companies in same GICS industry group.
Adviser: Rafferty Asset Management, LLC
Sub-Adviser: N/A
Prospectus is here.
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