AXS 2X PFE Bull Daily ETF (PFEL)
AXS 2X PFE Bull Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $17.42, up 0.40% on the session, giving a market capitalisation of $502,301. Its beta of 0.00 implies it has historically moved less than the broad market.
Under normal market conditions, this actively managed Exchange-Traded Fund (ETF) aims to dedicate at least 80% of its assets to investment vehicles. These vehicles are specifically designed to provide twice the daily price movement of PFE. The fund's core objective is to achieve, each day and prior to the deduction of fees and expenses, a performance equivalent to 200% of PFE's daily return for that single day only, explicitly not for any longer duration. It accomplishes this primarily by utilizing one or more swap agreements tied to PFE. Investors should also note that the fund maintains a non-diversified portfolio.
AXS 2X PFE Bull Daily ETF is most often compared with the following Financial Services names: