KNOW tracks the Sabrient Multi-Cap Insider/Analyst Quant-weighted Index, which provides investors access to stocks that corporate officers, directors and shareholders who own more than 5% of each S&P 1500 stock are accumulating. Although KNOW is a passive fund, there are some active elements to the ETF’s methodology.
For example, Direxion reviews KNOW’s holdings monthly, not a common trait among passive ETFs. KNOW also considers analyst revisions along with insider buying trends.
Direxion All Cap Insider Sentiment Shares