SINVETFMG Prime 2x Daily Inverse Junior Silver Miners ETF
SINV Fund Description
SINV tracks -2x the daily price movements of an index of small-cap silver mining and exploration companies.
SINV Factset Analytics Insight
SINV provides daily 2x inverse 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 same index is tracked as a levered fund by ETFMG’s' SILX. As a leveraged inverse product with -2x factor that resets daily, SINV is not a buy-and-hold investment, and should not be expected to provide index leverage return greater than a one day period.
SINV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of SINV. SINV 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.