SILX
ETFMG Prime 2x Daily Junior Silver Miners ETFSILX Fund Description
SILX tracks 2x the daily price movements of an index of small-cap silver mining and exploration companies.
SILX Factset Analytics Insight
SILX provides daily 2x exposure to an index of global silver mining and exploration companies that include both pure-play and diversified silver firms. The fund determines and selects active “junior silver miners' which are small-cap companies that generate more or less 50% of their revenue from silver mining activities by utilizing available public disclosures. It employs a market-cap-based weighting scheme that starts with categorizing the components and adjusting the market cap for ranking in aim of overweighting pure-play silver miners/explorers and underweighting the non-pure-play companies. The Index is rebalanced and reconstituted quarterly. As a leveraged product with 2x factor that resets daily, SILX is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than a one day period.
SILX Summary Data
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SILX Tax Exposures
SILX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SILX. SILX is rated a N/A out of 5.