Vesper Capital Management and Exchange Traded Concepts Launch New ETF
UTRN, The Vesper U.S. Large Cap Short-Term Reversal Strategy ETF is an innovative new fund that gives investors exposure to a select group of stocks within the S&P 500 that have the potential to benefit from a unique trading anomaly, short-term reversal. We have all heard the phrase “buy on the dip.” UTRN attempts to do that 52 times a year. “We aim to launch new products that provide a real innovative approach to investing with ETF’s and UTRN certainly does that, “ says Garrett Stevens, CEO of Exchange Traded Concepts, the Issuer for the Fund.
UTRN attempts to improve on this market anomaly (Short Term Reversal) by applying a proprietary methodology – the Chow Ratio - to identify stocks that have the greatest potential for a weekly rebound. “UTRN ranks stocks in the S&P 500 based on the Chow Ratio, choosing 25 stocks with the most attractive (lowest) chow ratio score for inclusion in the index each week. A stock is only removed from the portfolio on rebalancing if another stock has a lower value,” says John Thompson, President of Vesper Capital Management.