NightShares 500 1x/1.5x ETF (NSPL)
NightShares 500 1x/1.5x ETF operates in the Asset Management industry of the Financial Services sector, headquartered in US. The stock last traded at $35.57, down 0.21% on the session, giving a market capitalisation of $5.3M. Its beta of 0.00 implies it has historically moved less than the broad market.
Under typical operating conditions, this fund primarily deploys its capital into a selection of 500 prominent U.S. companies, specifically those with a large market capitalization, where investments are weighted proportionally to their market value. Beyond direct equity holdings, the fund may also utilize exchange-traded funds (ETFs) designed to invest in or replicate the performance of these major American firms. Furthermore, to achieve daily market exposure to this segment of the U.S. economy, it employs various financial instruments, such as swap agreements and futures contracts, alongside other derivatives.
NightShares 500 1x/1.5x ETF is most often compared with the following Financial Services names: