AWYXETFMG 2x Daily Travel Tech ETF
AWYX Fund Description
AWYX aims for 2x leveraged daily exposure to an index of global travel technology companies that are fundamentally screened and are weighted based on market-cap and liquidity
AWYX Factset Analytics Insight
AWYX aims to deliver 2x the daily returns of the underlying index which is comprised of companies that, via the internet and internet-connected devices, facilitate travel bookings and reservations, ride sharing and hailing, travel price comparison, and travel advice. Index constituents must derive majority of their revenue from travel technology business activities, in which those activities are assessed by the index provider from their regulatory filings and other financial reports. The fund uses a proprietary weighting methodology based on market capitalization and average daily value traded. The index is reconstituted and rebalanced during its semi-annual review. As a levered product, AWYX is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period. With this launch, ETFMG is the first Issuer to provide a leveraged ETF after a rule that restricted most from offering such products, changed.
AWYX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of AWYX. AWYX is rated a N/A out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.