Unusual Whales Subversive Democratic Trading ETF
NANC
Chicago Board Options Exchange- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- United States of America
- IPO Date
- Feb 7, 2023
- Website
- subversiveetfs.com
- Similar Companies
- Business
- Unusual Whales Subversive Democratic Trading ETF (NANC) is an actively managed exchange-traded fund that seeks to provide investment results corresponding to the price and yield performance, before fees and expenses, of an index comprised of exchange-listed equity securities of companies whose employees or corporate affiliates are known to be significant Congressional stock traders, with a focus on those associated with Democratic members of the U.S. Congress. The fund's core offerings include a portfolio of U.S.-listed stocks selected based on proprietary data tracking congressional trading activity, emphasizing sectors such as technology, healthcare, and financials where such trading patterns are prevalent; it employs a rules-based methodology to overweight holdings linked to Democratic politicians' disclosures while maintaining diversification across market capitalizations. NANC targets retail and institutional investors interested in politically-informed equity strategies, operating primarily in the U.S. market through shares listed on the Cboe BZX Exchange. Launched in 2021 by Subversive Capital Advisor LLC, headquartered in New York, New York, the ETF is part of the broader alternative investment segment focusing on behavioral finance and public policy influences on markets. In recent developments, NANC has seen expanded assets under management amid heightened interest in congressional trading transparency following the 2024 reelection of President Donald Trump and ongoing legislative debates around stock trading restrictions for lawmakers; the fund benefited from a strategic partnership with Unusual Whales, a financial data platform providing real-time congressional trade alerts, enhancing its data-driven selection process as of mid-2025. No major acquisitions or name changes have occurred, though the issuer announced enhancements to its index methodology in late 2024 to incorporate machine learning for better prediction of trading signals, reflecting a shift toward more sophisticated analytics amid growing AUM surpassing $500 million. The ETF operates without notable subsidiaries, positioning it as a niche player in the thematic ETF space.