Direxion Russell Large Over Small Cap ETF
RWLS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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
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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 Russell Large Over Small Cap ETF (RWLS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 150% of the performance of the Russell 1000 Index (long component) and -50% of the performance of the Russell 2000 Index (short component), providing leveraged long exposure to large-cap U.S. equities relative to small-cap U.S. equities through a net spread index strategy. The fund offers traders tactical exposure to the relative performance between large-cap and small-cap segments of the U.S. equity market, with holdings typically concentrated in swaps or other derivatives tracking the underlying indices; it pays periodic dividends and targets sophisticated investors comfortable with leveraged ETF risks including compounding effects and daily resets. Issued by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, RWLS operates primarily in the U.S. market, listing on NYSE Arca. RWLS was launched in 2019 as part of Direxion's lineup of leveraged and inverse ETFs designed for short-term trading. The fund ceased trading and was delisted around October 2020 due to insufficient assets under management, marking it as inactive with liquidation distributions to shareholders. Direxion, headquartered in New York and founded in 1997 as a provider of leveraged and inverse ETFs, has since focused on expanding its active lineup, including recent 2025 launches of Titans Leveraged & Inverse ETFs, single-stock daily leveraged products for companies like Ford, Cisco, Eli Lilly, and Berkshire Hathaway, alongside closures of underperforming funds such as OOTO, CLDL, WFH, EVAV, and XXCH due to low investor interest. These changes reflect Direxion's ongoing strategic shifts to streamline its portfolio of over 100 tactical ETFs serving institutional and retail traders globally, with assets under management exceeding $50 billion.