Direxion World Without Waste ETF
WWOW
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
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in mil. unless spec.Quarterly Revenue
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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
- DE United States of America
- IPO Date
- Dec 14, 2020
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion World Without Waste ETF (WWOW) is an exchange-traded fund that seeks investment results, before fees and expenses, tracking the Indxx US Circular Economy Index, which comprises 50 U.S.-listed companies representative of the shift from a linear to a circular economy model focused on regeneration, restoration, and resource efficiency. The fund provides exposure to five core sub-themes—Sustainability of Resources, Sharing Platforms, Resource Recovery, Product as a Service, and Life Cycle Extension—through equal-weighted holdings spanning sectors such as industrials, information technology, consumer discretionary, utilities, and communication services; top holdings include Enphase Energy Inc., Bloom Energy Corp., and CrowdStrike Holdings Inc. WWOW targets investors seeking growth potential from circular economy leaders deriving at least 50% of revenues from these categories, with geographic exposure primarily to the United States (approximately 87%), alongside Canada, Germany, Argentina, the United Kingdom, and Australia. Direxion World Without Waste ETF operates as part of Direxion Shares ETF Trust, issued and managed by Rafferty Asset Management, LLC, with Direxion providing advisory services under an operating agreement that covers most fund expenses beyond management fees (net expense ratio of 0.50%). Launched on December 17, 2020, the ETF trades on NYSE Arca under ticker WWOW and complements broader portfolios as a satellite holding amid rising demand for sustainable investments. Direxion, the firm behind WWOW, was founded in 1997 (originally as Potomac Funds) and maintains headquarters in New York, NY, with additional offices in Boston, MA; Alexandria, VA; and Hong Kong, managing approximately $28.6 billion in assets as of early 2022 across leveraged, inverse, and thematic ETFs. In recent developments, Direxion has aggressively expanded its single-stock daily leveraged and inverse ETF lineup, launching new products in 2025 tied to companies including Ford (July), Cisco and Qualcomm (June), Boeing and Exxon Mobil (April), Eli Lilly and Palo Alto Networks (March), AMD (February), and Berkshire Hathaway and Palantir (December 2024), reflecting a strategic shift toward targeted tactical trading tools. The firm also announced closures of OOTO and CLDL ETFs in June 2025, reverse splits for funds like KORU (February 2025) and others such as NVDD, EDZ, FAZ, LABD, and SPXS (September 2025), and appointed Mo Sparks as Chief Product Officer in April 2025 to oversee product innovation. These changes underscore Direxion's ongoing portfolio optimization and focus on high-conviction, precision ETF solutions amid evolving market dynamics, with no specific updates or alterations reported for WWOW itself in the last 1-2 years.