Direxion Launches mRNA ETF (MSGR)

Direxion announced today the launch of the Direxion mRNA ETF (Ticker: MSGR). MSGR invests in companies believed to be at the forefront of the development and application of messenger RNA technology.

The MSGR ETF seeks investment results, before fees and expenses, of the BITA Messenger RNA Technology Index. The BITA Messenger RNA Technology Index provides exposure to the performance of companies, publicly listed in the United States, Canada and Europe, that are leading the development and application of mRNA technology. mRNA is a single-stranded ribonucleic acid molecule that is complementary to one of the DNA strands of a gene. mRNA plays a vital role in protein synthesis in the human body, and mRNA technologies leverage this vital role to enable targeted cells to produce proteins that enable the body to fight, or prevent, a given disease.

“For years, messenger RNA (mRNA) technologies struggled to gain acceptance. The COVID-19 pandemic changed all of that, thanks to the highly effective vaccines developed using mRNA to combat the novel coronavirus and its emerging variants,” said David Mazza, Managing Director, Head of Product at Direxion. “MSGR captures companies specifically involved with mRNA technologies that are believed to be at the forefront of fighting the battle against COVID, while also highlighting mRNA’s application to other viruses and diseases, including HIV and Lyme disease.”

Investors seeking to gain exposure to mRNA stocks, and the mRNA sector, can access companies such as Moderna, Inc. (MRNA), BioNTech SE (BNTX), Vertex Pharmaceuticals Inc (VRTX) and others through this mRNA ETF ($MSGR). For additional nanotech stocks, see the table below.

As of November 19, 2021, the 24 constituents had a median total market capitalization of $2 billion, total market capitalizations ranging from $41 million to $107 billion, and were concentrated in the healthcare sector. Top ten index holdings are as follows:

mRNA ETF Index Top 10 Holdings