EVENDirexion S&P 500 Equal Weight Bull 2X Shares
EVEN 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 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.
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.