New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla

Yahoo Finance2022-07-17

A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

503

Report

Comment（56）

MIe
·2022-07-19
Tslq etf Tesla etf
Reply
Like
Report
andrew123
·2022-07-18
Like
Reply
2
Report
EHG
·2022-07-18
Like
Reply
Like
Report
Michrich
·2022-07-18
K
Reply
3
Report
DarkRaven
·2022-07-18
[Happy]
Reply
2
Report
WilliamFish
·2022-07-18
O
Reply
1
Report
WilliamFish
·2022-07-18
O
Reply
1
Report
WilliamFish
·2022-07-18
Oo
Reply
2
Report
WJ77
·2022-07-17
👍👍
Reply
Like
Report
Williamw
·2022-07-17
Ok
Reply
1
Report
Holidaymood
·2022-07-17
Ok
Reply
1
Report
chtee
·2022-07-17
Tesla
Reply
2
Report
GH_82
·2022-07-17
Okay
Reply
2
Report
Alvin1975
·2022-07-17
Up
Reply
2
Report
Alvin1975
·2022-07-17
Up
Reply
3
Report
TripleWin
·2022-07-17
[Like]
Reply
3
Report
Chris68
·2022-07-17
Ok
Reply
2
Report
Botak Tur
·2022-07-17
Ok
Reply
1
Report
Gackky
·2022-07-17
the wholesome of shorting without short
Reply
2
Report
MSTAN
·2022-07-17
👌👌
Reply
1
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2251415458?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-07-17 08:29","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2251415458","market":"us","top_or_hot":-1,"title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","media":"Yahoo Finance","content":"<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSLQ","symbol_name":"Tradr 2X Short TSLA Daily ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","article_id":"2251415458","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","pubTimestamp":1658017779,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"translate_title":"新单只股票ETF让投资者做空特斯拉而不做空特斯拉","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLQ":0.6},"content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9075181709,"gmtCreate":1658164635501,"gmtModify":1676536114835,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Tslq etf Tesla etf&nbsp;","listText":"Tslq etf Tesla etf&nbsp;","text":"Tslq etf Tesla etf","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075181709","repostId":2251415458,"repostType":2,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072446969,"gmtCreate":1658100021751,"gmtModify":1676536103420,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072446969","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072422246,"gmtCreate":1658098549285,"gmtModify":1676536102933,"author":{"id":"3586941861951066","authorId":"3586941861951066","name":"EHG","avatar":"https://static.tigerbbs.com/28e4734e50f795c3218330cbb6c3e9a0","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586941861951066","authorIdStr":"3586941861951066"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072422246","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072429516,"gmtCreate":1658098122335,"gmtModify":1676536102799,"author":{"id":"3582343271957983","authorId":"3582343271957983","name":"Michrich","avatar":"https://static.tigerbbs.com/8b1a28d47569c69731121b5b5a424aaf","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3582343271957983","authorIdStr":"3582343271957983"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072429516","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072435849,"gmtCreate":1658094446181,"gmtModify":1676536101971,"author":{"id":"3578097586468199","authorId":"3578097586468199","name":"DarkRaven","avatar":"https://static.tigerbbs.com/f931425b992eebdac73826679fa69afc","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":8,"crmLevelSwitch":1,"idStr":"3578097586468199","authorIdStr":"3578097586468199"},"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072435849","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072491750,"gmtCreate":1658082949770,"gmtModify":1676536101685,"author":{"id":"3584440700668924","authorId":"3584440700668924","name":"WilliamFish","avatar":"https://static.itradeup.com/news/78ded0486115bfde72a2c4335fa410ff","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584440700668924","authorIdStr":"3584440700668924"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072491750","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072491460,"gmtCreate":1658082943450,"gmtModify":1676536101646,"author":{"id":"3584440700668924","authorId":"3584440700668924","name":"WilliamFish","avatar":"https://static.itradeup.com/news/78ded0486115bfde72a2c4335fa410ff","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584440700668924","authorIdStr":"3584440700668924"},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072491460","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072491518,"gmtCreate":1658082937034,"gmtModify":1676536101638,"author":{"id":"3584440700668924","authorId":"3584440700668924","name":"WilliamFish","avatar":"https://static.itradeup.com/news/78ded0486115bfde72a2c4335fa410ff","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3584440700668924","authorIdStr":"3584440700668924"},"htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072491518","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072545131,"gmtCreate":1658071604223,"gmtModify":1676536101032,"author":{"id":"3573616695330925","authorId":"3573616695330925","name":"WJ77","avatar":"https://static.tigerbbs.com/56bf6bd5b462948ac1028ecaabdba952","vip":1,"crmLevel":9,"crmLevelSwitch":1,"idStr":"3573616695330925","authorIdStr":"3573616695330925"},"htmlText":"👍👍","listText":"👍👍","text":"👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072545131","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072558789,"gmtCreate":1658069686341,"gmtModify":1676536100743,"author":{"id":"3572240910775763","authorId":"3572240910775763","name":"Williamw","avatar":"https://static.tigerbbs.com/ecafced5a6c16b176940098e09cf69b6","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":2,"crmLevelSwitch":0,"idStr":"3572240910775763","authorIdStr":"3572240910775763"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072558789","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072521705,"gmtCreate":1658067752407,"gmtModify":1676536100456,"author":{"id":"3577917989847586","authorId":"3577917989847586","name":"Holidaymood","avatar":"https://static.tigerbbs.com/c2f7be8cd64ecb0e1182c0d9afae636f","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3577917989847586","authorIdStr":"3577917989847586"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072521705","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072535229,"gmtCreate":1658060205161,"gmtModify":1676536099612,"author":{"id":"3575171272913359","authorId":"3575171272913359","name":"chtee","avatar":"https://static.tigerbbs.com/3235e482711d7c1c0203f205c34794d3","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575171272913359","authorIdStr":"3575171272913359"},"htmlText":"Tesla&nbsp;","listText":"Tesla&nbsp;","text":"Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072535229","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072504474,"gmtCreate":1658054277398,"gmtModify":1676536099149,"author":{"id":"3580944008113043","authorId":"3580944008113043","name":"GH_82","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3580944008113043","authorIdStr":"3580944008113043"},"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072504474","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072272871,"gmtCreate":1658050665493,"gmtModify":1676536098870,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573788625955643","authorIdStr":"3573788625955643"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072272871","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072272148,"gmtCreate":1658050657184,"gmtModify":1676536098872,"author":{"id":"3573788625955643","authorId":"3573788625955643","name":"Alvin1975","avatar":"https://static.tigerbbs.com/beba0668af2d109b87221754e75935b3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3573788625955643","authorIdStr":"3573788625955643"},"htmlText":"Up","listText":"Up","text":"Up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072272148","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072279211,"gmtCreate":1658049398433,"gmtModify":1676536098770,"author":{"id":"3577489740102994","authorId":"3577489740102994","name":"TripleWin","avatar":"https://static.tigerbbs.com/36f6d7690fd546416bd6f74b156c218f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3577489740102994","authorIdStr":"3577489740102994"},"htmlText":"[Like]&nbsp;","listText":"[Like]&nbsp;","text":"[Like]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072279211","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072269493,"gmtCreate":1658040776212,"gmtModify":1676536097724,"author":{"id":"3575974639321365","authorId":"3575974639321365","name":"Chris68","avatar":"https://static.tigerbbs.com/1ae39a12c3ba237f3b001689ec9a549b","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3575974639321365","authorIdStr":"3575974639321365"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072269493","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072216206,"gmtCreate":1658036847305,"gmtModify":1676536097344,"author":{"id":"3578990746736424","authorId":"3578990746736424","name":"Botak Tur","avatar":"https://static.tigerbbs.com/ad2db38166c18b512749a83019596279","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3578990746736424","authorIdStr":"3578990746736424"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072216206","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072231989,"gmtCreate":1658035192241,"gmtModify":1676536096987,"author":{"id":"3574326723774097","authorId":"3574326723774097","name":"Gackky","avatar":"https://static.tigerbbs.com/5898b44bf5a31bf2b9d4e37227ed8177","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574326723774097","authorIdStr":"3574326723774097"},"htmlText":"the wholesome of shorting without short","listText":"the wholesome of shorting without short","text":"the wholesome of shorting without short","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072231989","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9072298165,"gmtCreate":1658033970857,"gmtModify":1676536096774,"author":{"id":"4089461104605170","authorId":"4089461104605170","name":"MSTAN","avatar":"https://static.itradeup.com/news/1d0ff53a35c30afecbd1fa0c5ed59f07","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"4089461104605170","authorIdStr":"4089461104605170"},"htmlText":"👌👌","listText":"👌👌","text":"👌👌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9072298165","repostId":2251415458,"repostType":4,"repost":{"id":"2251415458","kind":"highlight","pubTimestamp":1658017779,"share":"https://ttm.financial/m/news/2251415458?lang=&edition=fundamental","pubTime":"2022-07-17 08:29","market":"us","language":"en","title":"New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=2251415458","media":"Yahoo Finance","summary":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Invest","content":"<html><head></head><body><p>A new, exotic ETF product hit the tape this week — single stock ETFs.</p><p>The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.</p><p>These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.</p><p>Another &#34;democratization&#34; of some of the riskier trades available to investment professionals.</p><p>Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn&#39;t for the faint of heart.</p><p>Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to &#34;do nothing.&#34;</p><p>The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.</p><p>Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.</p><p>Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.</p><p>At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.</p><p>Chopping around with volatility kills these products&#39; returns, which is the number one lesson investors need to remember.</p><p>Let&#39;s look at another example of this dynamic, but one happening in the real world today.</p><p>The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.</p><p>PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.</p><p>The 3X version is returning a healthy 74% — but that&#39;s shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).</p><p>Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.</p><h2>Regulators warn</h2><p>Despite the SEC&#39;s approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.</p><p>&#34;[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,&#34; Crenshaw wrote this week on the SEC&#39;s website.</p><p>Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be &#34;challenging&#34; for them to recommend these products while &#34;also honoring his or her fiduciary obligations.&#34;</p><p>Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers&#39; best financial interests.</p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>New Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNew Single-Stock ETFs Let Investors Short Tesla without Shorting Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-17 08:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though...</p>\n\n<a href=\"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLQ":"Tradr 2X Short TSLA Daily ETF"},"source_url":"https://finance.yahoo.com/news/short-tesla-single-stock-etf-132509877.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2251415458","content_text":"A new, exotic ETF product hit the tape this week — single stock ETFs.The ETFs, managed by AXS Investments, are the first of their kind to be approved by the Securities and Exchange Commission — though similar products have existed for years in Europe.These new funds allow investors to short stocks like Tesla (TSLA), or make a levered long bet on a name like Nike (NKE) or Pfizer (PFE), with a regular brokerage account.Another \"democratization\" of some of the riskier trades available to investment professionals.Unlike many ETFs — which for some have become synonymous with index funds like the Vanguard 500 Index Fund (VOO) — these products are clearly intended for active traders and not passive investors. Reason being: leverage is commonly misunderstood and isn't for the faint of heart.Leveraged products can cause substantial losses for investors while the underlying stock chops around and appears to \"do nothing.\"The goal of a 2x ETF, for instance, is to reflect two times the performance of the underlying stock or index each day. If performance is measured on a longer time period, the results can drastically differ.Consider the following hypothetical example of a stock and its 3x ETF, which is trying to reflect the daily underlying performance of a given stock times three.Both securities trading at $100 per share and experience seven volatile sessions where the stock trades up or down at least 10% over the period.At the end of our hypothetical period, the underlying stock is basically flat while the 3X ETF is down over 40%.Chopping around with volatility kills these products' returns, which is the number one lesson investors need to remember.Let's look at another example of this dynamic, but one happening in the real world today.The Nasdaq 100 (^NDX) has been under pressure all year and is currently down about 27%. The ProShares Short QQQ ETF (PSQ) attempts to return the inverse of a long position, while the ProShares UltraPro Short QQQ ETF (SQQQ) aims to return three times the inverse of that product each day.PSQ — the unlevered short — has returned that which the Nasdaq 100 lost — or 27%.The 3X version is returning a healthy 74% — but that's shy of the 81% that an uninformed investor may have been expecting (3 x 27%.= 81%).Over the last year, the performance difference gets more challenging, with the unlevered short up 13% while the 3x levered short ETF up only 9%. On longer time frames — check out the 5Y performance on the chart above, for instance — the imbalance only gets worse.Regulators warnDespite the SEC's approval of the new ETFs, regulators have been warning investors about risks in these products. SEC chairman Gary Gensler has raised concerns about these new ETFs, and SEC commissioner Caroline Crenshaw has been outright critical.\"[I]n addition to presenting significant investor protection issues, in periods of market stress or volatility, leveraged and inverse products can act in unexpected ways and potentially contribute to broader systemic risks,\" Crenshaw wrote this week on the SEC's website.Crenshaw also issued a warning to registered investment advisors (RIAs), saying it would be \"challenging\" for them to recommend these products while \"also honoring his or her fiduciary obligations.\"Unlike stock brokers, RIAs have a fiduciary obligation to act in their customers' best financial interests.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":503,"commentSize":56,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}