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Single Stock ETFs
Recently a relatively new fund manager called AXS Investments launched a slew of new ETFs. These aren't like traditional ETFs though as they allow you to make bets for or against individual stocks.

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$TSLQ is probably going to be the most well-known. This ETF allows investors to short Tesla $TSLA without actually buying puts. Instead, the fund holds contracts ranging from a day to a year that offers a 1x inverse exposure to Tesla. The expense ratio is an insane 1.15% but given the daily nature of the fund, I assume most investors won't hold on for very long.

Some of the other funds launched include:

$PYPS A short fund against PayPal
$PYPT A long fund for doubling the return of PayPal

$PFES A short fund against Pfizer
$PFEL A long fund doubling the return of Pfizer

I think you get the picture. Currently, there are 10 total funds ranging from $NVDA to $NKE. The most interesting one to me though is $TARK the 2x ARKK Innovation ETF. Offering double the performance, both up and down, of $ARKK.

To me, the concept is kind of gimmicky and I would be surprised if many of the funds actually got much traction. It is also funny to me the SEC warned against these ETFs saying they are not for beginner investors.

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