TSLQ & NVDS blazed the trail for U.S.-listed single stock
ETFs empowering traders to express bearish short-term views on
Tesla and Nvidia stock
NEW YORK, July 18, 2023 /PRNewswire/ -- AXS
Investments, a leading asset manager providing access to
alternative investments for growth, income and diversification, is
celebrating the first anniversary of the launch of the industry's
first-of-its-kind family of single stock ETFs, including the AXS
TSLA Bear Daily ETF (TSLQ) and the AXS 1.25X NVDA Bear Daily
ETF (NVDS).
TSLQ is one of the fastest-growing ETFs of the past year and
provides the inverse (-1x) daily performance of Tesla common stock
(TSLA). TSLQ has gathered more than $125
million since launch and trades an average 1.65 million
shares per day.
NVDS provides 1.25 times the inverse (-125%) of the daily
performance of common shares of NVIDIA Corporation (NVDA). NVDS
also surpassed $100 million in
assets, while its average daily volume exceeds 3.6 million
shares.
Of the 430 ETFs launched in 2022, TLSQ and NVDS were the second
and sixth most traded ETFs in the first half of 2023, respectively
(source: Bloomberg, 1/1/2023-6/30/2023).
"We are thrilled with the response these ETFs have received in
just their first year in the market," said Greg Bassuk, CEO of AXS Investments. "With more
than $200 million in assets across
both ETFs and millions of shares traded daily, TSLQ and NVDS have
become strong proof points for the utility and growing popularity
of the single stock ETF category. We are excited to continue to
educate the marketplace on the role these powerful investment tools
can play for traders."
TSLQ and NVDS also are key ETFs in the suite of AXS funds that
allows investors to express a range of views on the "innovation
trade" – the theme of disruptive innovation and the role it plays
in everything from AI, fintech and transportation to manufacturing,
healthcare and beyond. Other ETFs in this suite include the AXS 2X
Innovation ETF (TARK), which seeks to provide double (2x) the
return of the ARK Innovation ETF (ARKK) for a single day, and the
AXS Short Innovation ETF (SARK), designed to provide the
inverse (-1x) of the daily return of ARKK, for those investors who
believe that high-growth tech stocks have run too far too fast in
2023.
"We continue to look for new ways to leverage the ETF product
wrapper to package innovative and useful investment strategies that
investors cannot find anywhere else," added Bassuk. "Providing
greater access and opportunity for all investors is the core of
what we do. We are very excited to be marking this milestone and
look forward to many more to come."
About AXS Investments
AXS Investments is a leading alternative investment manager
providing a diversified family of alternative investments for
growth, income and diversification. The firm empowers investors to
diversify their portfolios with investments previously available
only to the largest institutional and high net worth investors. The
investor-friendly AXS funds are time-tested, liquid, transparent
and managed by high pedigreed portfolio managers with long and
strong track records. For more information, visit
www.axsinvestments.com.
IMPORTANT RISK INFORMATION
The funds are not suitable for all investors and should be
used only by knowledgeable investors, such as traders and active
investors employing dynamic strategies, who understand the
consequences of seeking daily leveraged and inverse investment
results, including the impact of compounding on fund performance.
Investors should intend to actively monitor their investments as
frequently as daily. An investor in the fund could potentially lose
the full principal value of their investment within a single
day.
There are risks involved with investing including the possible
loss of principal. Past performance does not guarantee future
results. Diversification does not ensure profits or prevent
losses.
The funds will lose money if the underlying stock's performance
is flat, and it is possible that the fund will lose money even if
the underlying stock's performance trends in the desired direction
over a period longer than a single day.
Leverage Risk: The fund uses leverage, which means that the fund
is riskier than alternatives that do not use leverage because the
fund magnifies the performance of their underlying security.
Derivative contracts ordinarily have leverage inherent in their
terms. The low margin deposits normally required in trading
derivatives, including futures contracts, permit a high degree of
leverage. Accordingly, a relatively small price movement may result
in an immediate and substantial loss to the fund. The use of
leverage may also cause the fund to liquidate portfolio positions
when it would not be advantageous to do so in order to satisfy its
obligations or to meet collateral segregation requirements. The use
of leveraged derivatives can magnify the fund's potential for gain
or loss and, therefore, amplify the effects of market volatility on
the fund's share price. The fund seeks daily leveraged investment
results and is intended to be used as a short-term trading
vehicle.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the ETF. Brokerage commissions
will reduce returns. NAVs are calculated using prices as of
4:00 PM Eastern Time. The closing
price is the midpoint between the bid and ask price as of the close
of exchange. Closing price returns do not represent the returns you
would receive if you traded shares at other times.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the fund before
investing. To obtain a prospectus containing this and other
important information, please click here to view or download a
prospectus online. Read the fund's prospectus carefully before you
invest.
Distributed by ALPS Distributors, Inc, which is not affiliated
with AXS Investments. AXI000257
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