PILL,PILS Closed 03/31/2017
Direxion Investments begun trading 2 new ETFS, the Direxion Daily Pharmaceutical & Medical Bull 2x Shares (NYSEArca: PILL) and the Direxion Daily Pharmaceutical & Medical Bear 2x Shares (NYSEArca: PILS) on Wednesday, September 16, 2015.
1.
FUND INFORMATION:
| Symbol: PILL | Exchange: NYSE Arca |
| Name: Direxion Daily Pharmaceutical & Medical Bull 2x Shares | Net Expense Ratio: 0.80% |
FUND OBJECTIVE:
The Direxion Daily Pharmaceutical & Medical Bull 2x Shares seeks daily investment results, before fees and expenses, of 200% of the performance of the Dynamic Pharmaceutical Intellidex Index.
2.
FUND INFORMATION:
| Symbol: PILS | Exchange: NYSE Arca |
| Name: Direxion Daily Pharmaceutical & Medical Bear 2x Shares | Net Expense Ratio: 0.80% |
FUND OBJECTIVE:
The Direxion Daily Pharmaceutical & Medical Bear 2x Shares seeks daily investment results, before fees and expenses, of 200% of the inverse (or opposite) of the performance of the Dynamic Pharmaceutical Intellidex Index.
REFERENCE INDEX:
The Dynamic Pharmaceutical Intellidex Index consists of common shares of U.S. pharmaceutical companies. These companies are principally engaged in research, development, manufacture, sale or distribution of pharmaceuticals and drugs of all types.
The Index may include companies that facilitate the testing or regulatory approval of drugs. The Index provider, the NYSE Arca, Inc., begins with the 2,000 largest companies listed on both the NYSE MKT and NASDAQ exchanges and then uses a proprietary model that ranks the stocks for capital appreciation potential. The NYSE Arca, Inc. then divides these companies into two market capitalization groups, larger and smaller. The NYSE Arca, Inc. then identifies a specified numbers of companies from each group for inclusion in the Index. The larger market capitalization companies will represent 40% of the Index and the small market capitalization companies will represent 60% of the Index when the Index is rebalanced.
As of August 18, 2015, the Index was comprised of 24 stocks. The companies included in the Index have an average market capitalization of $69 billion and a market capitalization range of $948.3 million to $275.2 billion as of August 18, 2015. Components of the Index include the health care sector which includes the pharmaceutical and biotechnology industries.
Top 10 index companies (09/16/2015):
| Medicines Company | 5.60% |
| Allergan PLC | 5.11% |
| Amgen Inc | 5.02% |
| Depomed Inc | 5.00% |
| Johnson & Johnson | 4.85% |
| Gilead Sciences Inc | 4.83% |
| Pfizer Inc | 4.79% |
| Bristol-Myers Squibb Co | 4.75% |
| Novavax Inc | 4.64% |
| Merck & Co. Inc. | 4.57% |
Index Sector Breakdown (09/16/2015):
| Pharmaceuticals | 65.95% |
| Biotechnology | 26.39% |
| Health Care Equipment | 7.73% |
Useful Links:
PILL, PILS Home Page
Category: Equities> Regions> USA> US Sectors/Industries> US Pharmaceuticals