AXS 1.5X PYPL Bull Daily ETF (PYPT)
AXS 1.5X PYPL Bull Daily ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $14.84, up 0.07% on the session, giving a market capitalisation of $2.5M. Its beta of 0.00 implies it has historically moved less than the broad market.
This actively managed Exchange Traded Fund (ETF) aims to deliver daily returns equivalent to 150% of PYPL's performance, prior to the deduction of fees and expenses. This objective applies strictly to single-day performance, not cumulative returns over extended periods. Under typical market conditions, the fund allocates at least 80% of its portfolio to financial instruments, predominantly swap agreements linked to PYPL, which are structured to provide one-and-a-half times leveraged exposure to PYPL's daily movements. It operates as a non-diversified investment vehicle.
AXS 1.5X PYPL Bull Daily ETF is most often compared with the following Financial Services names: