PayPal Sends Leveraged Single-Stock ETF Soaring

A leveraged single-stock exchange traded fund surged on Wednesday after PayPal (NasdaqGS: PYPL) caught the attention of an activist investor. Among the best-performing non-leveraged ETFs of Wednesday, the AXS 1.5X PYPL Bull Daily ETF (PYPT) increased 19.3%. Meanwhile, PayPal shares climbed 12.2% on Wednesday. The AXS 1.5X PYPL Bull Daily ETF tries to reflect the [...] The post PayPal Sends Leveraged Single-Stock ETF Soaring appeared first on ETF Trends .