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NIWM (NightShares 2000 ETF) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how NIWM's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for NIWM and 80,000+ other tickers.
This fund primarily allocates its capital, which may include borrowed funds, to Exchange-Traded Funds (ETFs) that track or invest in small-capitalization U.S. companies. It may also utilize derivatives such as equity swaps, futures contracts, or options based on these small-cap U.S. firms or their respective indices. Furthermore, to support its derivative strategies aimed at capturing the "night effect" in small-cap U.S. equities, the fund will purchase U.S. Treasury securities and hold necessary collateral.
As we head toward summer's end, ETF launches remain muted if this week is anything to go by, with only nine new funds debuting, a slight uptick from the week ended July 28. Perhaps most notably, JPMorgan rolled out another two actively managed ETFs on Monday that were converted from mutual funds.
The week ending Friday, July 21, has been busy for the ETF industry, though launches were muted. A total of seven funds rolled out, which suggests the market could be entering some kind of summer slump.
It's important that advisors using the night effect in portfolios can explain the phenomenon to clients. Advisors can leverage the night effect to enhance risk-adjusted returns for clients.
Many advisors misunderstand the night effect and how NightShares ETFs can enhance portfolios. The night effect is a powerful, persistent pattern seen in markets.
The overnight session's positive performance in May helped offset losses during the day in large- and small-cap stocks. The overnight trading session contributed all of large and small caps positive performance last month.