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New Single Stock ETFs Filed For

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Direxion filed for an ETF called Direxion Daily TSLA Bear 1X Shares. The ETF would bet against Tesla Inc and provide exposure to investors who believe the price of Tesla will fall. AXS Investments filed for leveraged and inverse ETFs for nine individual stocks. The company is seeking to offer bullish and bearish ETFs on Boeing Inc, Conoco, Nike, NVIDIA, Paypal, Pfizer, Salesforce, Wells Fargo and Tesla.

ETF Newz Says:

These are new and have not been approved and do face challenges from the SEC. These seem geared toward a newer and very active retail investor.