NightShares 500 1x/1.5x ETF
NSPL
New York Stock Exchange Arca- -
USD
- -
- -
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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- United States of America
- IPO Date
- Oct 4, 2022
- Similar Companies
- Business
- NightShares 500 1x/1.5x ETF (NSPL) is an actively managed exchange-traded fund sponsored by NightShares through AlphaTrAI Funds, Inc., which seeks to deliver investment results corresponding to 1x the daytime performance and 1.5x the nighttime performance of a portfolio tracking 500 large-cap U.S. companies, primarily through equity securities, exchange-traded funds, futures contracts, swap agreements and other financial instruments weighted by market capitalization. The fund, listed on NYSE Arca, targets the "Night Effect" phenomenon documented in academic research on U.S. large-cap index futures, emphasizing differentiated returns from overnight sessions compared to daytime trading; it features an expense ratio of 0.67% and holds concentrated positions including cash equivalents, ETFs and futures collateral. NightShares, founded by industry veterans and based in Corte Madera, California, launched NSPL on October 6, 2022, as an extension of its lineup including the NightShares 500 ETF (NSPY) and NightShares 2000 ETF (NIWM), all designed to capture night session outperformance in U.S. equities. In mid-2023, NightShares discontinued NSPL and certain sibling funds due to elusive overnight returns amid challenging market conditions, marking a significant strategic contraction approximately one year after inception. The firm, managed by a team including Max Gokhman as Chief Investment Officer, focuses on U.S. large-cap equity segments for institutional and retail investors seeking leveraged intraday exposure strategies.