Latest news with #TidalTrust
Yahoo
2 days ago
- Business
- Yahoo
New 'Animal Spirits' ETF Offers 2x Exposure to Major Stocks
If you believe human emotions drive investment gains and losses, VistaShares may have a new exchange-traded fund for you. On Wednesday, the asset manager launched the VistaShares Animal Spirits 2x Daily Strategy ETF (WILD), which will offer 2x daily exposure to five of the most popular stocks based on their buying momentum and investor sentiment. Adam Patti, CEO of VistaShares, told that he had been intrigued by single-stock leveraged products for over a year before wanting to provide a better option. These types of funds, which trade a single equity and multiply performance with derivatives, have surged in popularity of late despite their risk and volatility. 'Whether you like them or not, investors have a clear use of them to express their views of the market or specific stocks,' Patti said. After speaking to institutions and institutional trading desks about offering high-beta exposure—and how those firms were creating methodologies to package several names together as opposed to taking a bet on one name—VistaShares came up with its own methodology. This involves looking at the universe of the roughly 30 underlying names that have single-stock leveraged ETFs associated with them, then choosing the ones with the most assets deployed against them and the most assets flowing into them. The portfolio composition is adjusted monthly to reflect any changing sentiment around the popular stocks. The five names are equally weighted. 'We're trying to harness investor sentiment and momentum in the marketplace, and go where the money is going,' Patti said. 'If you believe that these wildly successful trading stocks are going up, this is a great way to get that exposure." He added that the fund also lessens the risk of being exposed to a single stock. The VistaShares suite of ETFs also includes the VistaShares Target 15 Berkshire Select Income ETF (OMAH), an active ETF allowing market participants to invest like Warren Buffett and get monthly income potential, and the VistaShares Target 15 USA Quality Income ETF (QUSA), which combines factor-based equity investing with an options overlay designed to generate high monthly income. Just last week, Tidal Trust filed with the Securities and Exchange Commission for VistaShares to offer seven ETFs with exposure to the top picks of elite investors such as Michael Burry of Scion Asset Management and Bill Ackman of Pershing Square Holdings. 'What we're trying to do here at VistaShares is create products that don't exist,' Patti said when asked about WILD. That includes leveraging 'institutional-type portfolio construction to fill white space in the market and hopefully provide products that have strong use cases.'Permalink | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
New ETF Will Track Bill Ackman's Investments
A new exchange-traded fund (ETF) will track the investments of hedge fund manager Bill Ackman. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Ackman runs the Pershing Square (PSH) hedge fund and has a strong and loyal following among individual retail investors. He currently has 1.7 million followers on social media platform X. This year, Ackman is off to a strong start thanks to a winning investment he made in mortgage concern the Federal National Mortgage Association (FNMA), commonly known as Fannie Mae. Now, asset manager Tidal Trust has filed to launch an ETF that will be based on the concentrated portfolio of Ackman. Called the 'Vista Shares Pershing Square Select ETF,' this is the latest investment vehicle from Tidal Trust that tracks the holdings of notable investors such as Stanley Druckenmiller, Michael Burry, and Warren Buffett. Major Holdings Ackman's Pershing Square Holdings stock is up 2% this year versus a total return of 1% for the benchmark S&P 500 index. In recent months, Ackman's fund has gotten a lift from its investments in Fannie Mae and also the Federal Home Loan Mortgage (FMCC). Ackman currently owns 220 million shares of the two mortgage agencies, a stake worth about $2 billion. Also this year, Ackman has gotten approval for Pershing Square to buy $900 million of Howard Hughes Holdings (HHH) stock and turn the real estate company into a diversified holding company, which he has called a 'mini Berkshire Hathaway (BRK.B).' Other major stock holdings of Bill Ackman include Uber Technologies (UBER), Hertz Global (HTZ), Chipotle Mexican Grill (CMG), and Amazon (AMZN). Is PSH Stock a Buy? three-month performance. As one can see in the chart below, PSH stock has declined 6% in London trading over the past three months.
Yahoo
21-03-2025
- Business
- Yahoo
Tidal Trust Files With SEC for 2 New ‘Animal Spirits' ETFs
In a Tuesday filing to the Securities and Exchange Commission, Tidal Trust requested to list the VistaShares Animal Spirits Strategy ETF (ANIM), an actively managed ETF seeking capital appreciation by investing in companies that are the primary focus of the largest and fastest-growing single-stock leveraged ETFs. The firm also requested to list the VistaShares Animal Spirits Daily 2X Strategy ETF (WILD), which seeks daily investment results that correspond to two times the daily performance of an actively managed group of 'animal spirits' securities. The securities in both funds will be selected by sub-adviser VistaShares Advisors and based on the BITA VistaShares Animal Spirits Index. Tidal and VistaShares were not able to comment directly on the filing due to regulatory restrictions. But Gavin Filmore, chief revenue officer at Tidal Financial Group, told that there is massive opportunity in and around the leveraged ETF space right now and that the firm is seeing a rapid rate of innovation from its partners and the broader market. The more than 280 leveraged ETFs in the U.S. market have garnered $105.5 billion total assets under management. 'Managing these products is complex,' Filmore said. 'Issuers need to ensure they have the right specialized and experienced partners in place.' Leveraged synthetic exchange-traded funds can amplify returns, but not without risk. Investors should not treat leveraged synthetic ETFs as passive long-term holdings, as they might with traditional ETFs, Rob Kane, director of alternative investments on the Investment Management and Research team at Commonwealth Financial Network, told 'A common misconception is that these ETFs simply double or triple the performance over an investor's holding period,' Kane said, speaking of these types of ETFs in general and not a specific fund. In reality, he added, they are designed to replicate a leveraged daily return before fees and expenses of a specified security or index. 'Since performance is only guaranteed on a daily basis, the effect of compounding can introduce significant performance dispersion relative to the underlying reference asset over time,' Kane added. 'Such dispersion and potential performance decay can be exacerbated in volatile markets with frequent price fluctuations.'Permalink | © Copyright 2025 All rights reserved
