Name of ETF: QuantShares Hedged Dividend Income
Benchmark Index: INDXX Hedged Dividend Income Index
Ticker Symbol: DIVA
Strategy:
- Long positions on highest divided stocks; characterized by stable or growing dividends (approximately 100 long positions)
- Short positions on lowest dividend stocks; characterized by unstable or low dividends (ranges from 150 to 200 short positions)
- 100% long / 50% short ratio
- Sector weight maxed at 25% for long positons
- Industry weight maxed at 15% for long positions
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