SUMMIT, N.J.–(BUSINESS WIRE)–ETF Managers Group LLC (ETFMG®), leading exchange-traded fund issuer, announced today the launch of their first suite of 2x Daily Leveraged and Inverse ETFs: ETFMG 2x Daily Travel Tech ETF (Ticker: AWYX), ETFMG Prime 2x Daily Junior Silver Miners ETF (Ticker: SILX), and ETFMG Prime 2x Daily Inverse Junior Silver Miners (Ticker: SINV). ETFMG becomes the first issuer to launch Leveraged ETFs utilizing the new ETF Rule.
Each ETFMG 2x Daily Leveraged or Inverse ETF is designed to seek daily leveraged investment results, before fees and expenses, of two times (2x) or 200% (or -200% with respect to any 2x Daily Inverse ETF) of the performance of its benchmark index. The funds do not seek to achieve their stated investment objective over a period of time greater than a single day.
The 2x Daily Leveraged and Inverse ETFs will give investors 2x exposure to themes already offered by ETFMG: travel technology (AWYX) and junior silver mining…