

Please try another search
By Sam Boughedda
Single-Stock Exchange-Traded Funds (ETFs) were launched Thursday, giving investors a new way to bet on high-profile stocks.
However, regulators have cautioned investors to take care. AXS Investments has launched eight ETFs enabling investors to make inverse or leveraged bets on single companies that include Tesla (NASDAQ:TSLA), Nvidia (NASDAQ:NVDA), Nike (NYSE:NKE), Pfizer (NYSE:PFE), and PayPal (NASDAQ:PYPL). The Tesla and Nvidia ETFs are inverse funds.
The products are already available in Europe but will be the first of their kind in the US.
AXS, which was recently named among the "Top 10 Investment Firms of 2022," said the funds are supposed to be used as short-term trading products and not for investors who don’t plan to actively manage their portfolios.
The funds will utilize derivative contracts to create the leveraged or inverse of the daily returns of the stocks.
"We are thrilled to be the first firm to bring single-stock leveraged and inverse ETFs to U.S. investors," said Greg Bassuk, CEO of AXS Investments. "With the launch of this highly innovative family of ETFs, 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."
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.