MNM
Direxion Daily Metal Miners Bull 2X SharesMNM 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 Summary Data
MNM Portfolio Data
MNM Index Data
MNM Fund Structure
MNM Tax Exposures
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.
MNM 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.
The data and information contained herein is not intended to be investment or tax advice. A reference to a particular investment or security, a credit rating, or any observation concerning a security or investment provided in the ETF.com Service is not a recommendation to buy, sell, or hold such investment or security or to make any other investment decisions. You should not use such information for purposes of any actual transaction without consulting an investment or tax professional.
ETF.com DOES NOT TAKE RESPONSIBILITY FOR YOUR INVESTMENT OR OTHER ACTIONS NOR SHALL ETF.com HAVE ANY LIABILITY, CONTINGENT OR OTHERWISE, FOR THE ACCURACY, COMPLETENESS, TIMELINESS, OR CORRECT SEQUENCING OF ANY INFORMATION PROVIDED BY ETF.com OR FOR ANY DECISION MADE OR ACTION TAKEN BY YOU IN RELIANCE UPON SUCH INFORMATION OR ETF.com.
[ETF.com DOES NOT PROVIDE ANY RESEARCH OPINIONS.] ETF.com MAKES NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, PRODUCTS OR SERVICES CONTAINED HEREIN. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
Data provider:
Terms of Use