New ETFs that offer investors the opportunity to be bullish or bearish on individual stocks hit the market this week. The new leveraged and inverse daily ETFs could be the first of many and could take on some of the largest companies in the world.
What Happened: The first eight single stock leveraged and inverse ETFs were launched this week by AXS Investments, a leading asset manager that seeks to provide alternative investments for growth and diversification.
“We are thrilled to be the first firm to bring single-stock leveraged and inverse ETFs to U.S. investors,” AXS Investments CEO Greg Bassuk. “AXS has once again opened new access for investors, namely to express their high-conviction views on some of the most actively traded single stocks, regardless of whether their sentiment is bullish or bearish.”
Here are the first eight single-stock ETFs that offer daily exposure based on a bull or bear case.
Tesla Inc (NASDAQ: TSLA): AXS TSLA Bear Daily ETF (NASDAQ: TSLQ)
NVIDIA Corp (NASDAQ: NVDA): AXS 1.25X NVDA Bear Daily ETF (NASDAQ: NVDS)
PayPal (NASDAQ: PYPL): AXS 1.5X PYPL Bull Daily ETF (NASDAQ: PYPT), AXS 1.5X PYPL Bear Daily ETF (NASDAQ: PYPS)
Nike Inc (NYSE: NKE): AXS 2X NKE Bull Daily ETF (NASDAQ: NKEL), AXS 2X ...
Related tickers: NVDA, NVDS, BA, PFEL, COP, PFES, CRM, PYPS, NKE, PYPT, PFE, TSLQ, WFC, TSLA, ARKK, PYPL, NKEL, SARK, SWEB, TARK, NKEQ.
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