Hedgeye Index Adds ETF (ADDS)

The Hedgeye Index Adds ETF is an equity fund associated with Hedgeye Risk Management, the independent investment research firm. As its name indicates, the strategy centers on index additions, stocks that are added to, or expected to be added to, major market indexes.

When a company joins a widely tracked index, index funds and benchmarked managers typically need to buy its shares, which can create distinctive trading patterns around the inclusion. The fund seeks to build a portfolio around this effect, selecting and holding stocks connected to index reconstitution events according to its process.

The ETF trades on NYSE Arca under the ticker ADDS.