KLNEDirexion Daily Global Clean Energy Bull 2X Shares
KLNE Fund Description
KLNE aims for 2x leveraged daily exposure to a tiered index of global companies involved in clean energy businesses.
KLNE Factset Analytics Insight
KLNE aims to deliver 2x the daily returns of its underlying index, which is comprised of companies involved in the biofuels, ethanol, geothermal, hydroelectric, solar, and wind industries. Aside from holding companies that produce energy through these means, KLNE also includes companies that develop technology and equipment used in the process. Selected by the index committee, the fund is weighted by market-cap and exposure score — subject to several constraints — and reconstituted semi-annually. As a levered product, KLNE is not a buy-and-hold investment and should not be expected to provide index leverage returns greater than a one-day period.
KLNE MSCI ESG Analytics Insight
Direxion Daily Global Clean Energy Bull 2X Shares has an MSCI ESG Fund Rating of undefined based on a score of 8.52 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 Daily Global Clean Energy Bull 2X Shares ranks in the 92nd percentile within its peer group and in the 97th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
KLNE Summary Data
KLNE Portfolio Data
KLNE Index Data
KLNE Fund Structure
KLNE Tax Exposures
KLNE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of KLNE. KLNE is rated a N/A out of 5.
KLNE MSCI ESG Ratings
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.