For traders and sophisticated investors who seek to take advantage of increases in volatility in broad based equities, SPKY offers exposure to a daily rolling long position in the SPIKES® Futures contracts.
Investment Objective: For every 1% daily movement in the SPIKES Futures Short-Term Index, the SPKY Fund seeks to move 1.5%.
Bloomberg Index Symbol
1 Expense ratio does not include brokerage commissions and related fees paid by the fund.
As of TBD
Short Term SPIKES Futures 1.5x
NAV PRICE CHANGE
MEDIAN BID/ASK SPREAD (30 DAY) (%)
MARKET PRICE CLOSE
MARKET PRICE CHANGES
This leveraged ETF seeks a return that is 150% of the return of its benchmark index for a single day. The fund should not be expected to provide 1.5 times the return of the benchmark's cumulative return for periods greater than a day.
The use of leverage present significant risks not applicable to other types of funds and may be illiquid and/or highly volatile. The funds are not suitable for all investors and should only consider an investment in the funds if he or she understands the consequences of seeking daily leveraged results and the impact of compounding and who intends to actively monitor their investments.
The net asset value is calculated by taking the current market value of a Fund’s total assets (after the close of NYSE Arca), subtracting any liabilities and dividing that total by the total number of outstanding shares.
Month End Performance
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Quarter End Performance
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*NAV: "Net Asset Value" is a measure the value of the ETF. The NAV per unit is: (Total Assets-Liabilities)/(Shares Outstanding). The Official NAV is typically a daily calculation based on the closing values of all assets where the assets are the cash and securities held by the fund.
** Market Value: The value at which a security (or anything) can be exchanged in the marketplace.
The data represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.
Returns less than one year are not annualized.
SPIKES Futures Short-Term Index Chart (SPKF)
Download SPKF Index Methodology
Prior Day Closing
As of TBD
|DESCRIPTION||% HOLDINGS||MARKET VALUE ($)||POSITION|
Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security.
The Fund is not a mutual fund or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and is not subject to regulation thereunder.
Please read the prospectus carefully before investing. To obtain a current prospectus visit the link above.
The Funds may be highly volatile and generally are intended for short-term investment purposes only. Investors cannot directly invest in an index.