Single-stock ETFs:
The universe of single-stock ETFs continues to grow with the GraniteShares 1.25x Long TSLA Daily ETF (TSL), GraniteShares 1x Short TSLA Daily ETF (NASDAQ: TSLI), GraniteShares 1.75x Long AAPL Daily ETF ( AAPB) and the GraniteShares 1.5x Long COIN Daily ETF ( CONL) all launching to track underlying shares of Tesla ( TSLA), Apple ( AAPL), and Coinbase Global ( COIN). The ETFs are aimed at providing investors short or leveraged exposure to the daily price moves of the underlying stocks by using financial instruments such as swap agreements.
Last month, AXS Investments launched eight single-stock ETFs. Stocks that have or will have soon have single-stock ETFs tracking them include Nike ( NKE), Pfizer ( PFE), Microsoft ( MSFT), Netflix ( NFLX), Boeing ( BA), Wells Fargo ( WFC), Salesforce ( CRM), ConocoPhillips ( COP), Paypal ( PYPL) and NVIDIA ( NVDA). SEC Commissioner Caroline Crenshaw has warned investment advisors against recommending the ETFs to retail investors. Looking ahead, analysts think the single-stock ETFs could add even more volatility around earnings and corporate events. |
