Leveraged Nvidia ETF issuers saw trading surge in bearish products ahead of earnings

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Nvidia Nouvelles

Shares Outstanding,Quarterly Earnings,Quarterly Results

Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker's quarterly...

- Interest in leveraged exchange-traded funds that allow investors to profit when shares of Nvidia fall grew steadily ahead of the chipmaker's quarterly results, according to data from some of the companies that issued the products.

These bearish products are structured to deliver daily returns twice the size of any loss in Nvidia itself, while the bullish ETFs use derivatives to double any daily gain. The discrepancy is even more pronounced in similar ETFs issued by REX Shares and Tuttle Capital Management. The number of shares outstanding in the T-Rex 2x Inverse Nvidia Daily ETF has increased tenfold since Nvidia's May earnings report.

Its 2x bearish ETF, in spite of the dramatic relative growth, boasts only $69 million in assets, although it attracted $63 million in inflows in the last three months.England interim manager insisted he was not thinking about getting the job permanently after making his mark with his first squad selectionThe Personal Consumption Expenditures price index — the Federal Reserve's preferred inflation gauge — for the month of July is due out tomorrow morning.

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S&P/TSX composite down, U.S. stock markets also fall ahead of Nvidia earningsTORONTO — Canada's main stock index fell on Wednesday, led by technology and base metals, while U.S. markets were also down ahead of a much-anticipated earnings report from Nvidia. The Nasdaq fell 1.1 per cent as large tech stocks led the way lower.
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