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Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

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NightShares 100 ETF in registration

Comments

  • rforno
    Ahhh someone's monetizing the famous buy-at-close, sell-at-open strategy that's worked well in the futures markets off-and-on for years. Interesting.
  • BaluBalu
    Thanks. Please keep us posted when the ETF starts trading.
  • yogibearbullyogibearbull
    Fund objectives/strategies are not fundamental and can be changed just by 60-day notice.

    If this ETF ever grows into multi-billion AUM, it may face regulatory constraints. A recent example of that was futures-based oil/WTI USO that was forced to change original strategy of rolling all near-term oil futures within a few days as the SEC, CFTC and Exchange became concerned by market impact.
  • WABACWABAC
    I visited their website. It's, uh, exhibit A of something.

    They seemed to be more interested in people investing in their company than actually investing in their buzzword funds that don't exist at the moment.

    https://www.nightshares.com/

    You can count on "impactful teams."
  • yogibearbullyogibearbull
    Well, NightShares is part of AlphaTrAI, which is run by Analytics Ventures. So, the organizational layers (CAKE) are there and all they need is COFFEE (-:).

    https://www.alphatrai.com/

    https://www.analyticsventures.com/ai-startups/
  • rforno
    yogibearbull said:

    Well, NightShares is part of AlphaTrAI, which is run by Analytics Ventures. So, the organizational layers (CAKE) are there and all they need is COFFEE (-:).

    https://www.alphatrai.com/

    https://www.analyticsventures.com/ai-startups/

    I'm not sure what's more corny, certain fund symbols or some of the convoluted names Congress creates in order to qualify using a single word to describe its contents (PATRIOT ACT, STOCK ACT, etc, etc...)

  • BaluBalu
    NightShares debuted NSPY and NIWM about two months ago (last week of June) and they have since trailed SPY and IWM by, 12 and 15% (not annualized), respectively.

    Any thoughts from forum members in trying to explain this big underperformance would be great.
  • dsuttr
    No, avoid. results since inception 28 july are:
    s & p 500. +8.6%
    nspy 500. -3.7%
    niwm 2000 -5.8%
    inauspicious start
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