GameStop, AMC Targeted by Latest Single-Stock ETFs (2 min read)
REX Shares submitted a filing to launch ten separate single stock ETFs with each focusing on a MEME stock. The ETF will provide an inverse exposure to the underlying security. The MEME stocks they’re using are MicroStrategy, Coinbase, GameStop, AMC, Peloton, Tilray, Nikola, Robinhood, PENN, and Beyond Meat. The REX Shares filing shows that single stock ETFs are a growing trend in the ETF space. Multiple firms have recently launched single stock ETFs that implement leverage or inverse strategies. Innovator, one of the biggest buffered fund providers, launched a Tesla single stock ETF with a capped upside and downside buffer.