Direxion MSCI USA ESG - Leaders vs. Laggards ETF
ESNG
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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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 - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Feb 5, 2020
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion MSCI USA ESG - Leaders vs. Laggards ETF (ESNG) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to 150% of the performance of the MSCI USA ESG Leaders Index and -50% of the performance of the MSCI USA ESG Laggards Index. The fund provides investors with leveraged long exposure to the top 100 U.S. large- and mid-cap companies exhibiting leading environmental, social, and governance (ESG) ratings relative to sector peers, while simultaneously offering inverse exposure to the 100 lowest-rated ESG laggards; it rebalances quarterly to reflect changes in MSCI's ESG metrics and rating trends. ESNG targets sophisticated investors seeking tactical strategies in the sustainable investing segment of the U.S. equity market, with operations focused on U.S.-listed securities and availability through major brokerages worldwide. The ETF forms part of the broader product suite offered by Direxion Shares ETF Trust, advised by Rafferty Asset Management, LLC, a provider of leveraged, inverse, and thematic ETFs headquartered in New York, New York, with additional offices in Boston, Massachusetts; Milwaukee, Wisconsin; and Hong Kong; Direxion was founded in 1997 and manages approximately $50.6 billion in assets as of June 30, 2025. ESNG launched in February 2020 as Direxion's inaugural leveraged ESG-focused ETF, designed to capitalize on the growing demand for sustainability-driven strategies amid a 38% surge in sustainable investing assets from 2016 to 2018. However, due to insufficient assets under management and limited investor interest, the fund's Board of Trustees approved its liquidation and closure in August 2021, with trading ceasing on September 17, 2021, and final distributions to shareholders completed by September 24, 2021. No subsequent relaunches, acquisitions, partnerships, or strategic shifts specific to ESNG have been announced as of December 2025; Direxion has instead pursued expansions in single-stock leveraged and inverse ETFs, including new launches for companies such as Cisco, Qualcomm, Boeing, Exxon Mobil, Berkshire Hathaway, and Palantir in 2024 and 2025, alongside a distribution partnership with SS&C ALPS Distributors in September 2024 and the appointment of Mo Sparks as Chief Product Officer in April 2025.