ConvexityShares 1x SPIKES Futures ETF
SPKX
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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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 - Global
- Address
- IPO Date
- Aug 18, 2022
- CIK
- 0001817218
- Similar Companies
- Business
- ConvexityShares 1x SPIKES Futures ETF (SPKX) is an exchange-traded fund that provides 1x daily exposure to the T3 SPIKES Front 2 Futures Index, which tracks the two nearest-month SPIKES futures contracts by continuously rolling them as they approach expiration; the fund primarily invests in SPIKES futures contracts tied to the SPIKES Volatility Index, a measure of expected 30-day volatility in the SPDR S&P 500 ETF (SPY), with holdings including U.S. dollars and deposits with brokers for short positions. Launched in August 2022 and listed on NYSE Arca, SPKX targets active traders and speculative investors seeking to hedge or capitalize on U.S. equity market volatility, operating within the alternatives and tactical tools segment focused on S&P 500 short-term volatility; it is part of ConvexityShares Trust, a series sponsored by Teucrium Trading, LLC for daily operations and investment management. Headquartered through its joint venture parents Miami International Holdings (Princeton, New Jersey) and T3 Index, the ETF maintains a net expense ratio of 0.65% and does not distribute K-1 forms or dividends. In recent developments, ConvexityShares debuted alongside the related ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY) in August 2022 as a joint venture between Miami International Holdings and T3 Index, expanding the SPIKES Volatility Products ecosystem launched in 2019 to offer competitive volatility trading tools. No major acquisitions, funding rounds, or strategic shifts have been reported for the ETF or its issuer in 2024 or 2025, with operations focused on providing vanilla, single-asset exposure to SPIKES futures amid ongoing market volatility.