MOON Direxion Moonshot Innovators ETF
What is MOON?
MOON tracks a tier-weighted index that selects US-listed companies seeking innovative technologies.
MOON Factset Analytics Insight
MOON targets US companies that pursue innovative and disruptive technologies, or ‘moonshot innovators’. The selection universe is drawn from companies in the S&P Kensho New Economy indices or from the Wireless Telecommunication or Internet industries. To construct the portfolio, the index picks the top 50 companies with the highest “early-stage composite innovation scores”. This score is based on a natural language processing (NLP) algorithm used for keyword searches relating to the theme and on the companies’ research and development expense ratio to revenue. While MOON may include stocks of all capitalizations in its portfolio, the fund aims to focus on mid- and small-cap stocks and exclude mega-cap stocks. Furthermore, the index applies modified equal-weighting—stocks are first equal-weighted, and then adjusted to meet liquidity, industry group, and diversification constraints. The index is rebalanced quarterly and reconstituted semi-annually.
MOON Summary Data
MOON Portfolio Data
MOON Index Data
MOON Portfolio Management
MOON Tax Exposures
MOON Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of MOON. MOON is rated a 4 out of 5.
MOON Sector/Industry Breakdown
MOON Top 10 Holdings
MOON Performance Statistics
MOON Economic Development
MOON Benchmark Comparison Summary
MOON Benchmark Comparison Market Cap Size