HJENDirexion Hydrogen ETF
HJEN Fund Description
HJEN tracks a modified market-cap-weighted index of global companies involved in businesses related to the hydrogen industry.
HJEN Factset Analytics Insight
HJEN is one of the few ETFs that target the global hydrogen industry. The fund includes emerging and developed market companies (ex. India and Vietnam) that are engaged in: fuel cell and hydrogen batteries, hydrogen production and generation, membrane and catalyst, hydrogen systems and solutions, and hydrogen storage and supply. Eligible companies are then categorized into three, based on the percentage of revenue generated from hydrogen-related businesses: 1) pure-play with 50% or more, 2) quasi-play having 20-49%, and 3) marginal-play with less than 20%. The fund typically holds a concentrated portfolio of 30 market-cap-selected and -weighted pure-play companies, each capped at 8% weight. If fewer than 30 pure-play companies qualify for inclusion, quasi and marginal companies may be selected. In this case, an aggregate weight cap will be assigned based on the combined number of quasi and marginal companies included. The index reconstitutes annually and rebalances quarterly.
HJEN MSCI ESG Analytics Insight
Direxion Hydrogen ETF has an MSCI ESG Fund Rating of A based on a score of 6.23 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Direxion Hydrogen ETF ranks in the 53th percentile within its peer group and in the 27th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
HJEN Summary Data
HJEN Portfolio Data
HJEN Index Data
HJEN Portfolio Management
HJEN Tax Exposures
HJEN Fund Structure
HJEN Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of HJEN. HJEN is rated a 3 out of 5.
HJEN Economic Development
HJEN Performance Statistics
HJEN MSCI ESG Ratings
HJEN Benchmark Comparison Summary
HJEN Benchmark Comparison Market Cap Size
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.