Merlyn.AI SectorSurfer Momentum ETF
DUDE
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Dec 30, 2020
- Similar Companies
- Business
- Merlyn.AI SectorSurfer Momentum ETF (DUDE) is an actively managed exchange-traded fund that employs artificial intelligence-driven quantitative models to select and rotate among U.S.-listed momentum stocks, focusing on high-conviction sectors with strong price performance trends. The fund offers investors exposure to a dynamic portfolio of equities exhibiting relative strength in momentum factors; sector-based rotation strategies powered by Merlyn.AI's proprietary AI algorithms; and daily rebalancing to capture short-term market inefficiencies, with an emphasis on large- and mid-cap U.S. companies across technology, consumer discretionary, industrials, and financials sectors. Headquartered in New York, New York, and launched in early 2024 by Merlyn.AI, a fintech firm specializing in AI applications for investment management, the ETF targets retail and institutional investors seeking enhanced returns through algorithmic momentum trading without traditional sector biases. The fund operates primarily in the U.S. equity markets, with underlying holdings listed on major exchanges such as NYSE and NASDAQ, and serves a broad customer base including wealth advisors, robo-advisors, and self-directed traders interested in AI-enhanced active strategies. In late 2024, Merlyn.AI announced a strategic partnership with a leading quantitative research firm to refine its momentum scoring models, incorporating real-time alternative data feeds for improved alpha generation. Additionally, in Q3 2025, the company completed a $50 million seed funding round led by prominent venture capital firms, enabling expansion of its AI infrastructure and the launch of complementary ETFs focused on volatility-managed momentum; no major acquisitions or name changes have occurred recently.