Next sign of the market apocalypse: Single-stock ETFs
CNN
The Wall Street gambling parlor is still alive and well.
Asset management firm AXS Investments recently launched funds that let investors make supersized bets on — or against — the daily performance of individual stocks.
AXS now offers ETFs that use leverage, namely through exotic instruments known as derivatives contracts, to let traders get either a boosted long (bullish) or short (bearish) position on PayPal (PYPL), Pfizer (PFE) and Nike (NKE). There are also two ETFs that offer only super short positions on Tesla (TSLA) and Nvidia (NVDA).
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