BETZ
Sports betting ETF BETZ approaching 100% return since inception
The sports betting and iGaming exchange traded fund (NYSEARCA:BETZ)
launched back on June 3rd 2020 has been on a one-way ticket to the topside.
We are a approaching a 100% return in just a little over eight months'
time. Since its initiation to the market, BETZ is up 96.13% and has
touched as high 96.59%.
Trading on the NYSE with an expense ratio of .75% and its 40 holdings this
thematic ETF by Roundhill Investments has found a niche investor community
that is willing to pour money into it. Currently BETZ has $357.31M AUM.
The BETZ fund exposure is broken down and focused on 39.2% in large caps,
40.8% holdings in mid caps and 20% in small caps. With key holdings in Penn
National Gaming (NASDAQ:PENN) and Draft Kings (NASDAQ:DKNG).
The future for online sports betting, online poker, casino games and more
appears to have some upside to go. Not all 50 states have recognized the
legalization of online sports betting and iGaming. However, over the course
of time more states in theory will legalize this space bringing more and
more of the population to the market.
It's interesting how the COVID-19 pandemic has affected sports throughout
the 2020 year and moving forward into 2021 with cancelations of games,
suspended seasons, fan restrictions and so forth yet the fund has still
performed. What will BETZ look like in a back to normal world with further
legalization amongst states across the country?
The other side of the trade is that this market can cool off with demand.
With that being said, since this fund is solely focused on the sports
betting and iGaming space it can turn south if demand turns. Thematic funds
such as BETZ can become red hot or ice cold as they are so heavily weighted
in one direction. See more information on thematic ETFs.
|Today, 11:16 AM|3 Comments
Sports betting ETF BETZ approaching 100% return since inception
The sports betting and iGaming exchange traded fund (NYSEARCA:BETZ)
launched back on June 3rd 2020 has been on a one-way ticket to the topside.
We are a approaching a 100% return in just a little over eight months'
time. Since its initiation to the market, BETZ is up 96.13% and has
touched as high 96.59%.
Trading on the NYSE with an expense ratio of .75% and its 40 holdings this
thematic ETF by Roundhill Investments has found a niche investor community
that is willing to pour money into it. Currently BETZ has $357.31M AUM.
The BETZ fund exposure is broken down and focused on 39.2% in large caps,
40.8% holdings in mid caps and 20% in small caps. With key holdings in Penn
National Gaming (NASDAQ:PENN) and Draft Kings (NASDAQ:DKNG).
The future for online sports betting, online poker, casino games and more
appears to have some upside to go. Not all 50 states have recognized the
legalization of online sports betting and iGaming. However, over the course
of time more states in theory will legalize this space bringing more and
more of the population to the market.
It's interesting how the COVID-19 pandemic has affected sports throughout
the 2020 year and moving forward into 2021 with cancelations of games,
suspended seasons, fan restrictions and so forth yet the fund has still
performed. What will BETZ look like in a back to normal world with further
legalization amongst states across the country?
The other side of the trade is that this market can cool off with demand.
With that being said, since this fund is solely focused on the sports
betting and iGaming space it can turn south if demand turns. Thematic funds
such as BETZ can become red hot or ice cold as they are so heavily weighted
in one direction. See more information on thematic ETFs.
|Today, 11:16 AM|3 Comments
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