Direxion S&P 500 High minus Low Quality ETF
QMJ
New York Stock Exchange Arca- -
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
- DE United States of America
- IPO Date
- Feb 5, 2020
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion S&P 500 High Minus Low Quality ETF (QMJ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, of 150% of the daily performance of the S&P 500 High Quality Less Low Quality Index. The underlying index measures the daily performance of U.S. large-cap equities exhibiting high quality characteristics relative to low quality characteristics, as defined by metrics including return on equity, accrual ratio, financial leverage ratio, earnings variability, and debt-to-EBITDA ratio; it selects the 50% highest quality stocks from the S&P 500 and equally weights them against the 50% lowest quality stocks, with positions rebalanced semi-annually. The ETF offers investors leveraged exposure to this quality factor strategy through its single share class traded on major U.S. exchanges. Direxion Shares ETF Trust, the issuer headquartered in Wilton, Connecticut and established in 2006 as part of Rafferty Asset Management, LLC, manages QMJ alongside a suite of approximately 40 leveraged and inverse ETFs focused on equities, fixed income, commodities, currencies, and volatility; these products target sophisticated traders seeking magnified daily returns via financial instruments including swaps, futures, options, and ETFs. The fund operates primarily in the U.S. market, serving institutional and retail investors interested in tactical, short-term trading strategies rather than long-term buy-and-hold approaches. No major acquisitions, funding rounds, or strategic shifts specific to QMJ have been reported in the last 1-2 years; however, Direxion continues to emphasize enhanced indexing methodologies across its lineup, with ongoing product oversight by the Rafferty management team.