MNMDirexion Daily Metal Miners Bull 2X Shares
MNM Fund Description
MNM tracks 2x the daily price movements of an equal-weighted index of US metals and mining companies.
MNM Factset Analytics Insight
MNM provides daily 2x exposure to an index of companies in the metals and mining segment. The index will comprise those that concentrate in the material sector, specifically in sub-industries including aluminum, coal and consumable fuels, copper, diversified metals & mining, gold, precious metals and minerals, silver, and steel. Eligible securities must be constituents of the S&P Total Market Index, the parent index, and must meet certain size and liquidity ratio requirements to be selected. At least 22 securities will make up the index which will then be equally-weighted. To maximize leveraged exposure, the fund may also invest in ETFs that track similar indices and in derivatives, such as swap agreements and futures contracts. The index is rebalanced quarterly. As a leveraged product with 2x factor that resets daily, MNM is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.
MNM Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MNM. MNM 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.