Frankfurt (20 January 2022) – MV Index Solutions GmbH (MVIS®) today announced the licensing of the MVIS US Listed Oil Services 25 Index (ticker: MVOIH) to the US-based exchange-traded funds provider Direxion. The index underlies the NYSE Arca-listed Direxion Daily Oil Services Bull 2X Shares ETF (ONG).
The MVIS US Listed Oil Services 25 Index (ticker: MVOIH) tracks the performance of the largest and most liquid US-listed companies that derive at least 50% of their revenues from oil services - containing only companies which are engaged primarily in oil equipment, oil services or oil drilling.
The MVIS US Listed Oil Services 25 Index (ticker: MVOIH) is weighted by free-float market capitalization and calculated in US Dollars as a price index, total return gross and total return net index. The index is reviewed on a semi-annual basis. Detailed information about each index is available on MV Index Solutions website.