ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Direct Indexing
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Financial Literacy
    • Fixed Income
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Multifactor
    • Night Effect
    • Portfolio Strategies
    • Responsible Investing
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. ETFMG Launches Its First Leveraged, Inverse ETFs
News
Share

ETFMG Launches Its First Leveraged, Inverse ETFs

Lara CriggerJun 16, 2021
2021-06-16

On June 16, ETF Managers Group launched its first leveraged and inverse products, including a 2x bullish play on its travel tech fund and a pair of 2x bull/bear vehicles based on its junior silver miners ETF.

A 2x leveraged ETF provides 200% of the daily investment return of its underlying index (or -200%, in the case of a -2x ETF). The exposure resets daily, meaning the cumulative return of these ETFs can differ widely from just a simple multiplier on a given benchmark index.

About the New ETFs

The ETFMG 2x Daily Travel Tech ETF (AWYX) provides 200% of the return of the benchmark underpinning the firm’s existing ETFMG Travel Tech ETF (AWAY C), which covers travel website operators and travel tech firms.

AWAY has benefitted substantially from the re-opening trade, and over the past year the fund has seen $354 million in new net inflows.

Meanwhile, the ETFMG Prime 2x Daily Junior Silver Miners ETF (SILX) and the ETFMG Prime 2x Daily Inverse Junior Silver Miners ETF (SINV) are 2x/-2x plays on the ETFMG Prime Junior Silver Miners ETF (SILJ C+).

SILJ is the only ETF on the market to track junior silver miners, specifically. (There are two other silver miners ETFs, but they have no such limitation on market capitalization.) Small cap silver miners tend to be more involved with exploration and production.

Over the past 12 months, SILJ has seen substantial inflows, propelled by a Reddit-fueled interest in silver and silver-adjacent investments. In the past year, the fund has seen $668 million in net inflows.

“We’re very excited to be the first issuer to provide investors a way to gain leveraged exposure to some of our existing first-to-market thematic ETFs,” says Sam Masucci, CEO and Founder of ETFMG, in the press release announcing the launch. “There is clear demand for leveraged ETFs, and these new products will give traders the means to access high-growth themes with magnified exposure.”

“Thematic and innovative index creation is at the heart of our company, and we are delighted that ETFMG has selected Prime Indexes to support the growth of its ETF suite,” said Kris Monaco, Managing Partner of Level ETF Ventures, owner of Prime Indexes, which provides the indexes on which AWAY and SILJ are based. “We are proud to expand our relationship with ETFMG, and confident that its new leveraged ETFs will benefit from the success already achieved in those same themes.”

The three new ETFs will trade on NYSE. The firm now has 11 ETFs in its product suite, with assets under management totaling $7.3 billion.

For more news, information, and strategy, visit ETF Trends.


Content continues below advertisement

» Popular Pages

  • Tickers
  • Articles

Jun 09

How Advisors Use the Small-Cap ETF 'QWST' in Portfolios

Jun 09

S&P 500: The Battle on Two Fronts

Jun 09

This Is How New Bulls Are Born

Jun 09

Main Management Market Note: June 9, 2023

Jun 09

European Carbon Allowances Up 10%: The Summer Guide

Jun 09

A Complete Comparison of Top U.S. Real Estate ETFs

Jun 09

Could Now Be a Good Time for Value ETFs?

Jun 09

Fine Tuning Your Index Exposure With Direct Indexing

Jun 09

BNDI Generates Better Returns, Yields in Core Bond Allocations

Jun 09

Issuer League: WisdomTree and Dimensional Are Up

QQQM

Invesco NASDAQ 100 ETF

VGT

Vanguard Information...

SPY

SPDR S&P 500 ETF Trust

FNGU

MicroSectors FANG+ Index 3X...

IWM

iShares Russell 2000 ETF

VUG

Vanguard Growth ETF

IYW

iShares U.S. Technology ETF

XLK

Technology Select Sector SPDR...

BOTZ

Global X Robotics &...

IVV

iShares Core S&P 500 ETF


Content continues below advertisement

Loading Articles...
Our Sites
  • VettaFi
  • Advisor Perspectives
  • ETF Trends
Tools
  • ETF Screener
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Database Pro
More Tools
  • Financial Advisor & RIA Center
Explore ETFs
  • ETF News
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Information
  • Contact Us
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X