Believe It Or Not, 100x Leveraged ETFs Are Headed Your Way
Even amid all the controversy surrounding leveraged ETFs that are usually just 2x or 3x leveraged, Kelly Capital is bringing a pair of 100x leveraged ETFs to market.
The Kelly Daily Nasdaq 100 Bull 100x Shares, which it appears will trade under the ticker "SOAR," will seek to replicate 100x the daily performance of the Nasdaq 100. The Kelly Daily Nasdaq 100 Bear 100x Shares (SINK), will be the bearish equivalent.
The ETFs will invest at least 80% of their assets in securities featured in the Nasdaq 100, but will also use instruments that provide exposure to leverage.
Kelly Capital has filed with the SEC to grow the line of products to cover other indexes and asset classes at 100x leverage and to its credit, Kelly Capital clearly stated that these products are intended only for active traders.
