Key stats
About Vesper US Large Cap Short-Term Reversal Strategy ETF
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Inception date
Sep 21, 2018
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Exchange Traded Concepts LLC
Distributor
SEI Investments Distribution Co.
UTRN employs a short-term reversal strategy. The idea is that, on average, stocks with relatively poor weekly performance tend to reverse and earn higher returns relative to peer stocks in the week that follows. The fund draws its holdings from a US large-cap index. From that universe of stocks, the index uses a proprietary algorithm to select 25 constituents believed to be fundamentally sound and the best candidates for a short-term reversal. Selected stocks are equally-weighted at each weekly reconstitution and rebalance. Note that this frequent turnover could negatively affect the funds ability to track the index. Prior to November 7, 2022 the fund tracked an index calculated by S&P Dow Jones Indices, LLC, named Vesper U.S. Large Cap Short-term Reversal Index.
Classification
What's in the fund
Exposure type
Finance
Consumer Services
Electronic Technology
Technology Services
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.