EVEN
Direxion S&P 500 Equal Weight Bull 2X SharesEVEN Fund Description
EVEN provides 2x daily leveraged exposure to an equally-weighted index comprised of S&P 500 stocks.
EVEN Factset Analytics Insight
EVEN offers a bullish bet on the large-cap segment of the US equity market. With the use of swaps and derivatives, the fund aims to provide 2x levered exposure to the S&P 500 Equal Weight Index, an index of US large-cap companies which covers approximately 80% of the US investable universe. The index constituents are equally-weighted and rebalanced on an annual basis. As a geared product with daily resets, EVEN is designed as a short-term tactical instrument and not a long-term investment vehicle. As a result, long-term returns could materially differ from those of the underlying index due to daily compounding.
EVEN Summary Data
EVEN Portfolio Data
EVEN Index Data
EVEN Fund Structure
EVEN Tax Exposures
EVEN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EVEN. EVEN is rated a N/A out of 5.
EVEN Tradability
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.
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