AMC Stock - It Is Official: APE and AMC Are Going To ZERO

AMC Stock - It Is Official: APE and AMC Are Going To ZERO

Ten single-stock exchange-traded funds would bet against companies like GameStop Corp. and AMC Entertainment Holdings, according to a Monday filing with US regulators. The funds, which will be advised by Toroso Investments LLC, would add to a growing roster of single-security ETFs, which use derivatives to offer leveraged or inverse exposure. The filings land as volatility once again seizes so-called meme stocks, causing the likes of Bed Bath & Beyond Inc. to more than double over the past month, even with several days of double-digit declines. Not only would the planned bearish single-stock ETFs provide an avenue for retail investors to short companies, but it would likely be a convenient tool for other traders as well, according to Bloomberg Intelligence. “These have a decent chance for success because the trading crowd tends to be attracted to notoriety and volatility, and these stocks have both in spades,” said Eric Balchunas, a Bloomberg Intelligence senior ETF analyst. “Throw in the convenience factor, and a couple of these could be hits.” Fees for the funds are not yet listed, but the most-expensive US single-stock ETFs charge expense ratios of 1.15%. Meanwhile, the spot borrowing rates to short GameStop and AMC clock in as high as 12% and 17%, respectively, according to data compiled by S3 Partners. Does this mean AMC Stock and APE Stock Are going to zero?

Disclaimer: I am not a financial advisor and the topics discussed in this video are not to be taken as investment advice. Just my personal opinion being shared. Nothing more.

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