ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY)
ConvexityShares Daily 1.5x SPIKES Futures ETF operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $3.47, down 2.46% on the session, giving a market capitalisation of $433,997. Its beta of 0.00 implies it has historically moved less than the broad market.
The fund aims to fulfill its investment objectives by maintaining suitable exposure to SPIKES futures contracts that are part of its benchmark index. Additionally, under specific conditions, it can invest in futures and swap contracts tied to the Cboe Volatility Index (VIX), referred to as "VIX Related Positions." The VIX monitors market volatility and is expected to perform in a manner highly comparable to the SPIKES Index.
ConvexityShares Daily 1.5x SPIKES Futures ETF is most often compared with the following Financial Services names: