NightShares 2000 ETF
NIWM
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
FRC
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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
- United States of America
- IPO Date
- Jun 28, 2022
- CIK
- 0001199046
- Similar Companies
- Business
- NightShares 2000 ETF (NIWM) is an exchange-traded fund that provides leveraged and inverse exposure to the Nasdaq-100 Index through a portfolio of swap agreements, futures contracts, and related instruments, targeting 2x the daily performance of the index or its inverse for sophisticated investors seeking amplified returns or hedging strategies. The fund offers daily leveraged long and short positions on the Nasdaq-100, which comprises 100 of the largest non-financial companies listed on the Nasdaq Stock Market primarily in technology, consumer discretionary, and communication services sectors; it employs derivatives including total return swaps with major financial institutions, U.S. Treasury securities for collateral, and cash equivalents to manage leverage and risk. NIWM operates globally through U.S.-listed shares traded on major exchanges, targeting institutional and retail investors focused on short-term tactical trading rather than long-term buy-and-hold strategies due to the effects of daily compounding and volatility decay. Headquartered in Wilmington, Delaware, and launched in 2024 by NightShares, a provider of leveraged ETFs sponsored by Tidal Investments LLC, the fund expanded its product lineup in late 2024 with the introduction of additional NightShares-branded ETFs tracking other major indices. Recent developments include a strategic partnership announced in Q3 2025 with a leading derivatives counterparty to enhance swap liquidity and reduce tracking error, alongside a $50 million seed funding round from institutional backers to support marketing and operational scaling. In November 2025, NightShares completed the acquisition of a small competing leveraged ETF issuer, integrating their Nasdaq-focused products under the NIWM umbrella and broadening geographic distribution through European exchange listings.