Any George Noble NOPE fans?

[Market_Observer]

This new ETF is closing. That was a quick end. Lives up to its symbol name NOPE.

NOPE ETF has dropped 59% since its September debut. In the mean time, S&P 500 rose 23% Nasdaq 100 jumped some 36%.

I would like to hear from the fund manager what lessons he has learnt from this debacle. He has decades of experience in money management.

https://www.bloomberg.com/news/arti...george-noble-shutters-new-etf-after-59-plunge

 

[Overnight]

This new ETF is closing. That was a quick end. Lives up to its symbol name NOPE.

NOPE ETF has dropped 59% since its September debut. In the mean time, S&P 500 rose 23% Nasdaq 100 jumped some 36%.

I would like to hear from the fund manager what lessons he has learnt from this debacle. He has decades of experience in money management.

https://www.bloomberg.com/news/arti...george-noble-shutters-new-etf-after-59-plunge

Paywall.

 

[nitrene]

This ETF is pretty wild. 250% notional exposure, -75%(!) short Tesla, short bitcoin, short treasuries, short a bunch of other individual stocks, long USD.

Just bad timing. Created a 250% short ETF right at the bottom. If it had been rolled out in mid November 2021 NOPE would have been the ARKK of shorts.

 

[murray t turtle]

It trades more than it's net assets every day, so it seems risky.
View attachment 298212

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LOL\ ''....Return ETF NOPE''
Sounds like it delivered a play on words warning form the get go