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Any thoughts on Direxion Moonshot Innovators ETF? (MOON)

Posted on 2/14/21 at 4:31 pm
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 4:31 pm
quote:

The Direxion Moonshot Innovators ETF offers exposure to the 50 most innovative US companies at the forefront of changing our lives today, and tomorrow, by identifying the companies both pursuing innovation, and having the potential to disrupt existing technologies and/or industries. These 50 companies selected for inclusion are deemed to have the highest “early-stage composite innovation scores” and they span themes and emerging sectors such as smart transportation, clean power, and the human evolution. The early stage composite score is based on a company’s “allocation to innovation” and “innovation sentiment” score.



quote:

Top Ten Holdings %

Vuzix 4.23
Microvision 3.98
Tenable Holdings 2.76
Fuelcell Energy 2.67
Nano Dimension 2.66
Adpmun Thpts 2.54
Nantkwest Inc 2.53
Varonis Systems 2.51
Mongodb 2.50
Plug Power 2.47


I feel like this might be a good option for people looking ot invest in these types of companies but don't have the risk tolerance to do it on an individual basis.

I made an initial 1K investment Friday and was thinking of doing 100 a week for the remainder of the year to see how it plays out.

LINK

Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 2/14/21 at 4:46 pm to
you buy it on that site or through a broker?
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
78000 posts
Posted on 2/14/21 at 4:48 pm to
I see it on TD Ameritrade for $49 a share. Is that accurate?
Posted by Jake009
Hill Country
Member since Jun 2019
2305 posts
Posted on 2/14/21 at 4:52 pm to
I like the portfolio
Posted by spaced45
South Carolina
Member since Feb 2021
10 posts
Posted on 2/14/21 at 5:01 pm to
I am actually holding PLUG & FCEL currently. Also just added MVIS and WKHS to my watchlist today. Like you said great option if you want to mitigate your risk. Nice pick!
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 2/14/21 at 5:03 pm to
It’s on Schwab. Will probably throw some money at it on Monday
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 5:22 pm to
50.50 a share last I looked. I bought in my rh account.

Still keeping some things in there but have migrated my cash to fidelity.
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 5:23 pm to
quote:

you buy it on that site or through a broker?


Through a broker
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 6:11 pm to
quote:

I am actually holding PLUG & FCEL currently. Also just added MVIS and WKHS to my watchlist today. Like you said great option if you want to mitigate your risk. Nice pick!

That remains to be seen but I brought it up since I know a lot of people here hold some of these stocks. It's obviously performed great to date but we'll see how that holds up in the future.
Posted by spaced45
South Carolina
Member since Feb 2021
10 posts
Posted on 2/14/21 at 6:27 pm to
Out of curiosity took a closer looks at the individual stocks that make up the ETF. So hard to ignore NNDM in my opinion (technically speaking). It's been pretty faithful to the 100 & 200 day SMA since last week of September on 2HR chart. RSI creeping into oversold territory (2hr). Looks pretty 'tamed'.

CHART
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 6:48 pm to
Is there any way to see all 50?
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7595 posts
Posted on 2/14/21 at 6:48 pm to
Ancient Tiger likes MOON
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/14/21 at 8:02 pm to
quote:

Ancient Tiger likes MOON

This is not surprising. Might need to double down on this lol
Posted by spaced45
South Carolina
Member since Feb 2021
10 posts
Posted on 2/14/21 at 8:17 pm to
Here you go.. HOLDINGS

Top right corner there is an option to export to csv.
This post was edited on 2/14/21 at 8:17 pm
Posted by Mad Dogg
LA
Member since Sep 2016
4088 posts
Posted on 2/14/21 at 10:47 pm to


This is one of the two parts to how they score and select which companies to add. Does this scare anyone else?
Posted by TorchtheFlyingTiger
1st coast
Member since Jan 2008
2944 posts
Posted on 2/15/21 at 5:43 am to
Investing based on key word search, what could go wrong?
Posted by Auburn1968
NYC
Member since Mar 2019
25446 posts
Posted on 2/15/21 at 4:49 pm to
I like the idea. Real innovation conquers all. Good management can make it fly.
Posted by Powerman
Member since Jan 2004
171107 posts
Posted on 2/15/21 at 8:08 pm to
quote:

Investing based on key word search, what could go wrong?

That's just one part of the process. One would hope further due diligence is taken to filter better results.

The holdings seem to indicate they have some strong performing stocks.
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