ProShares to Launch 2x Long SpaceX ETF, Listed on IPO Day
Svmuu News: ProShares, the world's largest issuer of leveraged and inverse ETFs, announced that it will launch a 2x Long ETF on June 12, the first day of SpaceX's (SPCX) IPO, tracking 2x (pre-fees) the daily returns of the stock. While directly listing a single-stock leveraged ETF on the IPO day is uncommon, it has become increasingly popular in recent years for high-profile tech and growth stock IPOs, reflecting significantly heightened demand for leveraged exposure to high-volatility new stocks among retail and short-term traders.
Source:Odaily · Source Link
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