ETF News - AXS Investments Celebrates Launch of First Single Stock ETFs
01 mins 07 secs
Hello and welcome to ETF News. Axs Investments is making history with the launch of the first single stock ETFs in the US tracking some of the market's most actively traded equities. The asset manager rang the NASDAQ opening bell this month to celebrate the success thus far of its suite of eight funds listed on the exchange. They offer the industry's first leverage long or inverse short exposure to the daily performance of Tesla, Invidia, Paypal, Nike and Pfizer. In less than seven months of trading, this suite has gathered more than $200 million in assets led largely by the Tesla bear daily ticker TSLQ. AXS Investment, CEO Greg Bassuk says that the goal of these ETFs is to give sophisticated investors the ability to express high-conviction views on specific industry leaders and that he's thrilled with the success thus far and the momentum that they've carried into 2023.Transcript
AXS Investments rang the NASDAQ opening bell to celebrate the success of its historic suite of eight funds. They offer the industry's first leveraged long or inverse short exposure to the daily performance of Tesla, NVIDIA, PayPal, Nike, and Pfizer. In less than seven months of trading, this suite has gathered more than $200 million in assets, led largely by the Tesla Bear Daily ETF, TSLQ.