Single-Stock ETFs Experience Swings and Shutdowns

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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.


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