There are 29 leveraged and inverse US single-stock ETFs on the market with a combined $1.3bn in assets, but $1bn of those assets are in seven ETFs that target the performance of Tesla, according to data from FactSet.
Nvidia is the second-most popular company for the single-stock ETFs, with a combined $117mn in three ETFs that track the company. ETFs that track the performance of Alibaba, Alphabet, Amazon, Apple, Coinbase, Meta, Microsoft, Nike, PayPal and Pfizer each have less than $100mn in investor assets.
Five firms, AXS, Direxion, YieldMax, GraniteShares and Innovator ETFs, provide all of the single-stock ETFs currently available, while large asset managers have shied away from such products.