26.86
-0.03(-0.11%)
Currency In USD
Address
United States of America
Phone
N/A
Website
N/A
Sector
Financial Services
Industry
Asset Management - Leveraged
Employees
N/A
First IPO Date
August 10, 2022
AAPB is a short-term tactical tool that aims to deliver 2x the price return, less fees and expenses, for a single day of Apple stock. Purchasers holding shares for longer than a day need to monitor and frequently rebalance their position to attempt to achieve the 2x multiple. At the adviser's discretion, the fund may utilize standardized exchange-traded and FLEX call and put options with 1-week to 1-month terms. Aside from the leverage, the shares take on added volatility due to lack of diversification. Purchasers should conduct their own stock research prior to initiating a position and trade with conviction. Due to the complexities of the product, shares tend to perform as anticipated only when underlying shares are trending and holders are on the positive corresponding side of that trade. However, the shares provide the advantage of capping the maximum loss to the full amount invested. Prior to Jan. 22, 2024, the fund provided 1.75x leveraged exposure to the price of the stock.