Direxion MSCI Cyclicals Over Defensives ETF (RWCD)
ETF analysis · AMEX · Financial Services · Asset Management
Direxion MSCI Cyclicals Over Defensives ETF (RWCD) is an exchange-traded fund in the Financial Services sector. Latest price: $77.10. Market cap $13.72M. Sign in to Stocks360 for full DCF valuation, fundamentals, technicals, and AI-driven analysis.
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About Direxion MSCI Cyclicals Over Defensives ETF
The Direxion MSCI Cyclicals Over Defensives ETF (RWCD) aims to replicate the investment performance of the MSCI USA Cyclical Sectors - USA Defensive Sectors 150/50 Return Spread Index, prior to the deduction of fees and expenses. Under normal operating conditions, the fund dedicates at least 80% of its total net assets, with additional leverage obtained through borrowing for investment purposes, to either the direct securities or exchange-traded funds (ETFs) that constitute the "Long Component" of this benchmark index. The underlying index itself is designed to measure the returns of a portfolio that maintains a 150% long exposure to the MSCI USA Cyclical Sectors Index, offset by a 50% short exposure to the MSCI USA Defensive Sectors Index. It is important to note that this fund operates as a non-diversified investment vehicle.
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