Direxion MSCI Cyclicals Over Defensives ETF
RWCD
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
FRC
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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
- Jan 16, 2019
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion MSCI Cyclicals Over Defensives ETF (RWCD) is an exchange-traded fund that seeks investment results, before fees and expenses, corresponding to 150% of the performance of the MSCI USA Cyclical Sectors Index and -50% of the performance of the MSCI USA Defensive Sectors Index, as measured by the MSCI USA Cyclical Sectors - USA Defensive Sectors 150/50 Return Spread Index; the fund provides leveraged long exposure to U.S. cyclical sectors including consumer discretionary, consumer durables, industrials, materials, and transportation, while maintaining short exposure to defensive sectors such as consumer staples, healthcare, telecommunications services, utilities, and real estate; it targets investors seeking tactical relative value plays between cyclical and defensive equity segments. The ETF, part of the Direxion Funds family managed by Rafferty Asset Management, LLC, operates within the leveraged equities category and was launched in 2019. It trades on the NYSE Arca exchange and focuses on large-cap U.S. stocks across its targeted sector exposures. In September 2020, Direxion announced the closure and liquidation of RWCD, along with its counterpart RWDC and RWLS, due to insufficient assets under management; trading ceased as of September 25, 2020, with shareholders receiving cash distributions pro rata based on the fund's net asset value at liquidation. No subsequent relaunches, acquisitions, partnerships, or major strategic shifts involving RWCD have been reported in the last 1-2 years, as the fund is no longer active. Direxion, headquartered in New York and founded in 1997, continues to offer a broad lineup of over 100 leveraged and thematic ETFs with approximately $57 billion in total assets under management.