Single-Stock ETFs Experience Swings and Shutdowns

Share post:

In recent months, the performance of single-stock ETFs has been volatile, with some experiencing significant swings. AXS Investments, which celebrated the success of its single-stock ETFs in April, recently announced the closure of five of them. Meanwhile, GraniteShares, which had filed for more than 30 new single-stock ETFs, is now shutting down one of its ETFs tied to Tesla, a hot stock.

The following ETFs are scheduled to close on June 16:

  1. AXS 2X NKE Bull Daily ETF (NKEL)
  2. AXS 2X NKE Bear Daily ETF (NKEQ)
  3. AXS 2X PFE Bull Daily ETF (PFEL)
  4. AXS 2X PFE Bear Daily ETF (PFES)
  5. AXS 1.5X PYPL Bear Daily ETF (PYPS)
  6. GraniteShares 1x Short TSLA Daily ETF (TSLY)

ETF Newz Says:

None of these funds are older than a year, demonstrating the volatility of the sector.

Related

Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

Tim Draper’s Bold Prediction: Bitcoin (BTC) Price Set to Skyrocket to $250K!

In the world of finance, Bitcoin is increasingly recognized as a transformative force. With the potential to challenge...

Bitcoin ETF: Navigating the Perils of SEC Rejection and Fierce Opposition from Funds

A recent court order has directed the Securities and Exchange Commission (SEC) to reconsider its denial of Grayscale's...

Nike’s Shocking 10% Plunge: Sales Outlook Slashed

Nike, a leading athletic apparel⁢ company, ⁣recently announced plans to reduce costs by $2 ‍billion over the next...