Seeks daily investment results of 300% of the performance of the S&P Transportation Select Industry FMC Capped Index. Now — the numbers.
The stock trades 47% below its peak. The market has cut its expectations for the company sharply.
It paid $0.29 per share over the last 12 months, with payments going back years without a break — regular cash for whoever holds the stock.
This stock swings about 3.6 times as much as the market average. Big rallies — and big drops — can both happen fast.
The stock trades 47% below its five-year peak.
We grade companies — revenue, margins, balance sheets. This is a fund, so there is no report card to give. That is not a low grade; it is a different kind of thing.
One-line summary: a basket, not a business. Judge it by what it holds.