Over the last few years we have seen a real increase in the range of different and exciting ETFs available within the market. They range from regular broad market tracking products to very special niche products. For instance there are now several ETFs that tracks the performance of companies involved in the production of cannabis. One example is Advisor Share Pure Cannabis ETF with the ticker YOLO!
The growth of the ETF space has also seen the increase of leveraged ETFs. You have had the ability to buy 3x leveraged ETFs on the broader market for close to a decade now but in recent years there has been both the emergence of special single stock and sub-sector ETFs and directional ETFs. For instance you can now buy 3x TESLA SHORT ETF. This ETF is designed to make you money whenever TESLA’s share price goes down but also it is designed to give you three times more exposure than you put in.
Say for instance you buy $10,000 of this ETF, your effective TESLA position is short $30,000!
