AXS Short De-SPAC Daily ETF
SOGU
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
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
- May 17, 2021
- CIK
- 0001719812
- Similar Companies
- Business
- AXS Short De-SPAC Daily ETF (SOGU) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to 150% of the inverse (opposite) of the daily performance of the Short De-SPAC ETF (ticker: SPAK). The fund provides leveraged short exposure to a portfolio of U.S.-listed stocks that have completed de-SPAC mergers or acquisitions, targeting companies in sectors such as technology, consumer discretionary, and financial services; it employs swap agreements, futures contracts, and other derivatives to achieve its objectives. AXS Investments LLC serves as the investment adviser, with the fund operating within the broader ETF industry focused on tactical and thematic strategies for sophisticated investors seeking to hedge or speculate on de-SPAC market performance. The fund's primary target markets include institutional and retail investors interested in short-term trading opportunities related to post-SPAC stocks, which often exhibit heightened volatility following mergers with special purpose acquisition companies (SPACs). Geographically, it focuses on U.S.-listed securities, with no direct international operations but indirect exposure through multinational de-SPAC entities. Launched in 2022 and headquartered in Lafayette, California, alongside its adviser AXS Investments, the fund has no notable subsidiaries or parent relationships beyond the adviser's oversight. In recent developments, the fund maintained steady assets under management amid fluctuating de-SPAC activity in 2024-2025, with no major acquisitions, funding rounds, or strategic alliances reported; it continues to track its benchmark without significant product launches or reorganizations. Operational focus remains on daily rebalancing to sustain its -1.5x leverage, adapting to evolving SPAC market dynamics post-regulatory changes by the SEC.