Leveraged single-stock ETFs are here; reasons why long-term investors should stay away

Victor Lei — Head of Research Stocks

Financial companies are getting more creative in finding ways to help you YOLO your money. America just got its first leveraged single-stock ETFs. Yesterday, AXS Investments launched eight different single-stock inverse or leveraged ETFs, including: AXS 2X NKE Bear Daily ETF (NASDAQ:NKEQ) — aims for 2x the return of Nike (NYSE:NKE). AXS 1.5X PYPL Bull…

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