ASYMshares ASYMmetric S&P 500 ETF
ASPY
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- DE United States of America
- IPO Date
- Mar 10, 2021
- CIK
- 0001833032
- Similar Companies
- Business
- ASYMshares ASYMmetric S&P 500 ETF (ASPY) is an exchange-traded fund that employs a rules-based, quantitative long/short hedging strategy designed to track the total return performance, before fees and expenses, of the ASYMmetric 500 Index, targeting protection against bear market losses while maintaining net long equity exposure between -25% and 75%; it focuses on US large-cap equities with a passively managed alternative approach powered by ASYMmetric Risk Management Technology, which classifies market risk into bull, uncertain, or bear environments to dynamically adjust portfolio risk. Operated by ASYMmetric ETFs, LLC, the fund offers investors a smart equity solution aimed at capital preservation and enhanced returns or income with reduced volatility compared to traditional stock and bond portfolios; it holds approximately 49 positions, with significant concentration in large-cap stocks comprising over 86% of assets, and trades on NYSE Arca under the ticker ASPY. Launched in March 2021 and headquartered at 92-03 Ozone Park, New York, NY (with principal executive offices previously listed at 158 East 126th Street, Suite 304, New York, NY 10035), ASYMshares primarily serves retail investors, financial advisors, and family offices seeking asymmetric risk-adjusted performance in the alternative asset class. In a notable recent development effective October 15, 2023, ASYMmetric ETFs renamed its flagship fund from ASYMmetric Smart S&P 500 ETF to ASYMshares ASYMmetric S&P 500 ETF to better align with its quantitative strategy; additionally, options trading on ASPY commenced on NYSE American Options in August 2021, expanding accessibility for hedging and income strategies.