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MOON: An ETF To Avoid
MOON
Seeking Alpha26 June 2023
The Direxion Moonshot Innovators ETF claims to provide exposure to the 50 most innovative companies in the S&P 500, but its methodology of counting keywords and calculating R&D expenses relative to revenues may not accurately capture true innovation. The MOON ETF's top holdings and sector allocation include large weightings in innovation-related sectors like Information Technology and Healthcare, but it is difficult to assess if these are truly the most innovative companies within the S&P 500 Index. Since its inception in November 2020, the MOON ETF has had poor performance, with an average annual return of -24.7% to May 31, 2023, and long-term returns far below broader growth indices like the Nasdaq 100 Index.
FAQ
- What is MOON ETF?
- Does MOON pay dividends?
- What stocks are in MOON ETF?
- What is the current assets under management for MOON?
- What is MOON average volume?
- What is MOON expense ratio?
- What is MOON inception date?
What is MOON ETF?
The MOON ETF is an exchange-traded fund that focuses on companies involved in the space industry. It aims to provide investors with exposure to businesses related to space exploration, satellite technology, and aerospace. This fund offers a way to invest in the growing space sector.
Does MOON pay dividends?
Yes, the Direxion Moonshot Innovators ETF does pays dividends, with
the most recent payment being
$0.03
per share. The last ex-dividend date was on 25 June 2024, and the next ex-dividend date has not been announced yet
What stocks are in MOON ETF?
As of today, Direxion Moonshot Innovators ETF inlcudes 51 holdings, with 50 of them being companies from 6 different countries and 7 sectors. The most weighted holdings are Lucid (2.7%), Ouster (2.65%) and Luminar Technologies (2.51%)
What is the current assets under management for MOON?
Assets under management of Direxion Moonshot Innovators ETF is $19 M
What is MOON average volume?
Average volume of Direxion Moonshot Innovators ETF is $17 K
What is MOON expense ratio?
Expense ratio of Direxion Moonshot Innovators ETF is 0.65%
What is MOON inception date?
Inception date of Direxion Moonshot Innovators ETF is 12 November 2020