Direxion Moonshot Innovators ETF Price & Performance (MOON)

The IQ Cleaner Transport ETF and IQ Clean Oceans ETF have both undergone liquidation, with details still pending. This marks a continued trend of ETF closures and consolidations in the sector, reflecting ongoing challenges in maintaining sufficient assets and investor interest for niche funds.1

Wall Street analysts give the Direxion Moonshot Innovators ETF an average 12-month price target of $18.62, suggesting over 80% upside from its last price. However, consensus remains cautious, with a majority rating the ETF as a hold, highlighting uncertainty in the innovation-focused fund’s near-term outlook.2

The Direxion Moonshot Innovators ETF has seen very limited institutional ownership, with only one major holder and a negligible long position. The fund’s price has shown little movement, declining just 0.19% since February, indicating a lack of strong conviction from large investors in this innovation-focused ETF.3