NAIL, CLAW : new 3x leveraged US Homebuilders ETFs by Direxion

Direxion Investments begun trading of 2 new ETFs, the Direxion Daily Homebuilders & Supplies Bull  3x Shares (NYSE Arca: NAIL) and the Direxion Daily Homebuilders & Supplies Bear 3x Shares (NYSE Arca: CLAW) on Wednesday, August 19, 2015.

 

1.
FUND INFORMATION:

Symbol: NAIL    Exchange: NYSE Arca
Name: Direxion Daily Homebuilders & Supplies Bull  3x Shares   Net Expense Ratio: 0.95%

 

FUND OBJECTIVE:
The Direxion Daily Homebuilders & Supplies Bull 3x Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Home Construction Index.

2.
FUND INFORMATION:

Symbol: CLAW    Exchange: NYSE Arca
Name: Direxion Daily Homebuilders & Supplies Bear 3x Shares  Net Expense Ratio: 0.95%

 

FUND OBJECTIVE:
The Direxion Daily Homebuilders & Supplies Bear 3x Shares seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the Dow Jones U.S. Select Home Construction Index.

 

REFERENCE INDEX:
The Dow Jones U.S. Select Home Construction Index measures U.S companies in the home construction sector that provide a wide range of products and services related to homebuilding, including home construction and producers, sellers and suppliers of building materials, furnishings and fixtures and also home improvement retailers.
To be included in the Index, stocks must meet minimum market capitalization and liquidity requirements and are subject to the following adjustments:
1) the weight of any individual security is restricted  to  25%;
2)  the  aggregate  weight  of  individual companies in the Index with weights of 5% or more is capped at 45%;
3) the aggregate weight of the five largest companies in the Index is capped at 65%; and
4) companies classified as Building  Materials  &  Fixtures,  Furnishings,  and  Home Improvement Retailers are, in aggregate, capped at 35% of the Index.
As of July 31, 2015, the Index was comprised of 41 stocks and the companies included in the Index have a median market capitalization of $2.1 billion and an average market capitalization of $9.2 billion.

 

Index Top 10 Holdings (07/31/2015):

DR Horton Inc 11.70%
Lennar Corp  11.25%
PulteGroup Inc  8.42%
Toll Brothers Inc  7.79%
NVR Inc  7.31%
Home Depot Inc  4.32%
Lowe’s Cos Inc  3.18%
TRI Pointe Group Inc  3.13%
Ryland Group Inc  3.10%
Meritage Homes Corp  2.54%

 

Index Sector Weightings (07/31/2015):

Homebuilding 66.16%
Building Products 14.63%
Home Improvement Retail 8.15%
Home Furnishings 4.31%
Trading Companies & Distributors 2.35%
Specialty Chemicals 2.22%
Construction Materials 1.24%
Forest Products 0.94%

 

Useful Links
NAIL, CLAW Home Page

 

Category: Equities>

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