Betting Against Meme Stocks May Get Easier With New ETF Filings
- Filings seek bearish single-stock ETFs on GameStop, AMC
- ‘Convenience factor’ could attract assets to planned funds: BI
Photographer: Chris McGrath/Getty Images
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Skeptics of the meme-craze that’s re-ignited corners of the stock market may soon have a fresh way to bet against it.
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.