FLYT Stock, Direxion Flight to Safety Strategy ETF Information
Stock Information
| Company Name: | Direxion Flight to Safety Strategy ETF |
| Stock Symbol: | FLYT |
| Market: | NYSE |
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About Direxion Flight to Safety Strategy ETF
The Direxion Flight to Safety Strategy ETF seeks to provide total returns that exceed the total return of the Solactive Flight to Safety Index over a complete market cycle. The Direxion Flight to Safety Strategy ETF aims to deliver a simple, yet robust, approach to portfolio risk mitigation from equity market drawdowns while also providing long-term appreciation potential. By combining long-term U.S. treasury bonds, utility stocks, and gold bullion, the ETF may act as a diversified ballast for portfolios while also acting as a source of uncorrelated returns.