A new type of ETF has just been launched by NightShares, a new provider in California. The two ETFs are, the NightShares 500 ETF (NSPY) and the NightShares 2000 ETF (NIWM). Both ETFs plan to offer investors exposure to the “night effect” which is essentially the phenomenon that the market performs better after hours compared to daytime trading.
NightShares Launches ETFs Focused On “Night Effect”
ETF Newz Says:
NightShares is trying to give investors a different approach from the classic buy and hold.