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Strategic & Thematic ETFs

LOPX

The Direxion Low Priced Stock ETF seeks investment results, before fees and expenses, that track the Solactive Two Bucks Index. There is no guarantee that the fund will achieve its stated investment objective.

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Overview

 

The Direxion Low Priced Stock ETF offers exposure to the 50 companies trading between $2 and $5 at the time of selection. LOPX may be considered a satellite holding to complement other broader positions within a portfolio.

Please note: Data on this page and the fact sheet is updated quarterly and does not reflect the recent index rebalancing on 8/4/2021. Investors may access the “Daily Fund Holdings” anytime using the link below which does reflect the index change. The next quarterly data updates will take place after 9/30/2021 as soon as administratively possible.

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Target Index

The Solactive Two Bucks Index (SO2BUCKN) is an equal-weighted index provided by Solactive AG (the “Index Provider”) that is designed to measure the performance of U.S.-listed securities with relatively low trading prices. The Index Provider begins with the Solactive GBS United States All Cap Index and applies certain requirements that vary depending on the quarter at which the Index is rebalanced in order to select a total of 50 securities. The Index is rebalanced and reconstituted quarterly in February, May, August, and November. One cannot directly invest in an index.

Index Holdings & Sector Weightings

Top Ten Holdings %

AMC Entertainment Holdings 9.55
Tellurian 3.71
Agenus 3.25
Centennial Resource Development 2.61
Antero Resources Corp 2.59
MoneyGram International 2.50
Senseonics Holdings 2.43
EnLink Midstream LLC 2.39
Patterson-UTI Energy 2.33
W&T Offshore 2.24

Sector Weightings %

Energy 31.94
Health Care 30.48
Financials 12.08
Communication Services 11.63
Information Technology 4.03
Real Estate 3.36
Materials 1.94
Consumer Staples 1.76
Industrials 1.73
Consumer Discretionary 1.05

Country Weightings %

United States 94.47
Norway 1.60
Netherlands 1.37
Canada 1.33
Ireland 1.23

Source: SOLA. Index holdings and weightings are net and as of 6/30/2021 and subject to change.

 

Index Construction

Solactive Two Bucks Index (SO2BUCKN) is comprised of 50 companies that have a closing price between $2 and $5 U.S. Dollars per share as of the constitution date of the index, and that also meet the following requirements on the day the securities are selected for inclusion.

  • A minimum average daily value traded of $1 million over 3 months.
  • A market capitalization of at least $85 million.
  • A closing price between $2.00 and $5.00 (August selection date), or a closing price between $1.25 and $10.00 (February, May, and November selection dates).
  • Securities that have had a reverse stock split between the last and current selection day are not eligible for inclusion.

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Pricing & Performance

NAV and Market Price information as of . Line chart shows pricing trend over the last 30 days. The Primary Listing Exchange is the NYSE Arca, Inc.




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