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BOSTON (TheStreet) -- If you want to trade like an insider, you now have a different avenue than, say, running for a Senate seat. Thanks to alternative-investment company Direxion, there are two new exchange traded funds that enable investors to trade like company insiders.

Just when you thought the ETF world couldn't get any more narrow or focused after the creation of the

Global X Social Media Index ETF

(SOCL) - Get Global X Social Media ETF Report

, Direxion recently launched two ETFs that give investors access to stocks that corporate insiders are accumulating. The stocks are selected by focusing on insider transactions and analyst ratings of public company filings.

The first, the

Direxion All-Cap Insider Sentiment Shares ETF

(KNOW) - Get Direxion All Cap Insider Sentiment Shares Report

targets the Sabrient Multi-Cap Insider/Analyst Quant-Weighted Index, which reflects positive sentiment among those insiders closest to a company's financials. That includes top management, directors and large institutional holders, among others. The ETF includes 100 of the stocks in the S&P 1500 Index.

The top 10 holdings of the Direxion All Cap Insider Sentiment Shares ETF are

Lincoln National

(LNC) - Get Lincoln National Corporation Report


Stone Energy



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Smithfield Foods




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Tyson Foods

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, each with a weighting of 2.1% or greater.

The second insider ETF launched this month is the

Direxion Large-Cap Insider Sentiment Shares ETF


, which targets the Sabrient Large-Cap Insider/Analyst Quant-Weighted Index. The ETF includes 100 of the companies in the index, all of which also reflect positive sentiment among insiders.

The top holdings of this second insider ETF are nearly identical to the first, including Lincoln National, MetLife, Valero, Gannett, Tyson and Hess. The ETF's 10 biggest positions are rounded out with

Ameriprise Financial

(AMP) - Get Ameriprise Financial, Inc. Report


Northrop Grumman

(NOC) - Get Northrop Grumman Corporation Report


Lexmark International



Marathon Oil

(MRO) - Get Marathon Oil Corporation Report


The concept behind the ETFs is a tried-and-true strategy on Wall Street: You want to buy companies that management is buying. There's no better sign of confidence than an executive with intimate knowledge of the inner workings of a company putting their money where his mouth is.

-- Written by Robert Holmes in Boston


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Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.