Single-stock funds, particularly leveraged products, have exploded since the company’s IPO.
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There isn’t an ETF for everything, but the volume of leveraged products coming to market shows a strategy of filling any voids.
Dozens of single-stock ETFs using leverage have recently been filed with the Securities and Exchange Commission.
The category of leveraged single-stock ETFs is growing quickly as issuers crank out risky products designed for day traders.