The Direxion Fallen Knives ETF seeks investment results, before fees and expenses, that track the Indxx US Fallen Knives Index. There is no guarantee that the fund will achieve its stated investment objective.
The Direxion Fallen Knives ETF aims to deliver a simple, systematic approach to capturing stocks that have fallen significantly, but with the financial health to support future outperformance. The idea of falling – or fallen – knives is a commonly understood one, and the rules-based approach allows for a framework to capture the most attractive opportunities. The fund may provide investors with a distinctive approach to U.S. equities with a distinct exposure profile.
- Systematically identify stocks that have fallen in price significantly in the past 12 months.
- Capture the most desirable fallen knives that boast the financial health necessary to support a potential rebound.
- May be considered a satellite equity holding, which tilts simultaneously toward temporarily out of favor stocks, with characteristics for a potential rebound.
Documents & Downloads
The Indxx US Fallen Knives Index is designed by Indxx, LLC to consist of U.S equity securities that have experienced considerable share price declines over the prior year and have financial health, suggesting that the security has potential for share price recovery in the future. One cannot directly invest in an index.
Index Holdings & Sector Weightings
Top Ten Holdings %
|Fifth Third Bancorp||5.08|
|Reinsurance Group of America||4.84|
|Grand Canyon Education||3.70|
|Pagseguro Digital Ltd||3.44|
Sector Weightings %
Source: Bloomberg. Index and Sector weightings are net and as of 9/1/2020 and subject to change.
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Pricing & Performance
NAV and Market Price information as of Invalid date. Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.