DRVN

Highland HFR Event-Driven ETF
CLOSING PRICECHANGE (%)VOLUME
$16.45-- (--)10.38K
4:00:00 p.m. (ET) 04/11/2016
BZX EXCHANGE CLOSED
LAST TRADECHANGE (%)
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BID SIZEBID ($)ASK ($)ASK SIZE
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N/A

N/A
  • Overview
  • Efficiency
  • Tradability
  • Fit

DRVN Fund Description

The Highland HFR Event-Driven ETF tracks a multi-asset index designed to mimic the returns of hedge funds that use event-driven strategies.

DRVN FactSet Analytics Insight

This fund is closing.  Its last day of trading will be 4/11/16.

DRVN is the first challenger to QED as an ETF that tracks the holdings of hedge funds that employ event-driven strategies. These strategies typically consist of (but aren’t limited to) changes in management, major product launches, mergers, spin-offs, bankruptcies and other restructuring. DRVN does not hold the hedge funds; rather, it holds a mix of ETFs and single securities that reflect the holdings of hedge funds reporting to the index. This approach differs from ETFs like QED that use replication math to pick securities, and is closer in spirit to “copycat” ETFs like GURU that glean holdings information from 13-F filings. As hedge-fund-style ETFs go, DRVN charges a slightly cheaper-than-average expense ratio. Trade the new fund with care in early days. (Insight updated 06/05/15)

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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DRVN Summary Data

06/01/15
$2.48 M
3.90%

DRVN Portfolio Data

Hedge Fund Replication
N/A
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DRVN Index Data

HFRL Event-Driven Index
Proprietary
Proprietary
Total Return
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max

DRVN Portfolio Management

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DRVN Tax Exposures

20.00% / 39.60%
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Qualified dividends
No

DRVN Fund Structure

Yes
No
0% / 100%
N/A
N/A
Closing
daily
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
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Bats BZX Real-time Quote - 18:28:31
Average Spread
Premium/Discount
Volume

DRVN FactSet Analytics Block Liquidity

5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of 04/08/16. 04/08/16 is rated a DRVN out of 5.

DRVN Tradability

16,300
0
$0
$0.65
0.83%
9.25% / -2.55%
None
100.00%
50,000
0.00
0%
0.01%
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$16.40

Term Structure VIX Futures As of 06/05/2015

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DRVN Performance Statistics

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Correlation (Rolling 30 Day, 12 Mo)

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