TYNE Direxion Nanotechnology ETF
What is TYNE?
TYNE tracks a modified equal-weighted index of US-listed companies involved in the nanotechnology industry. The exposure spans across traditional sectors of consumer discretionary, health care, industrials, information technology and materials.
TYNE Factset Analytics Insight
TYNE is one of the few ETFs that focus on nanoscale technology. The fund consists of US-listed companies involved in the creation and/or manipulation of matter at a nano- or microscale level, including: fabrication and manufacturing, measurement and simulation, materials, and delivery systems used for nanomaterials. The selection process starts with a proprietary natural language processing—which identifies nanotechnology firms using keywords from company-issued filings. Each company is then classified as either “core” or “non-core” depending on its business activity focus. Holdings are initially equal-weighted, with an overweighting factor applied to core stocks. Additionally, a diversification screen is applied so that the aggregate weight of securities with over 4.5% allocation is limited to 45% weight. The index is rebalanced quarterly. Unlike TYNE’s US-based, modified equal-take, TINY—a similar nanotech-focused ETF, captures developed markets with its vanilla strategy.
TYNE Summary Data
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TYNE Portfolio Data
TYNE Index Data
TYNE Portfolio Management
TYNE Tax Exposures
TYNE Fund Structure
Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of TYNE. TYNE is rated a 3 out of 5.
TYNE Tradability
TYNE Sector/Industry Breakdown
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TYNE Top 10 Holdings
TYNE Performance Statistics
TYNE Countries
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TYNE Regions
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TYNE Economic Development
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TYNE Benchmark Comparison Summary
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TYNE Benchmark Comparison Market Cap Size
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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.
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