
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing pursuant to a trend following program. Using the trend strategy, the fund will invest in futures contracts and futures-related instruments (such as forwards) and spot contracts in global markets across a wide range of asset classes, including equities, fixed income, currencies and commodities. The fund is non-diversified.
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Despite an uptick in activity during the prior week, last week in the wake of the Memorial Day holiday saw the debut of just five new ETFs and the completion of one closure.

CHICAGO and MILWAUKEE, June 03, 2024 (GLOBE NEWSWIRE) -- Tidal Investments LLC (“Tidal”) proudly announces the launch of the latest Exchange-Traded Fund (ETF) from Cambria Investment Management and Chesapeake Capital Corporation: the Cambria Chesapeake Pure Trend ETF ($MFUT). We are proud to bring together these two valued partners for the launch of this innovative fund.

The proposed fund looks to deliver 200% of the daily performance of one of 2022's top-performing ETFs.