Eos Energy CAO, Puri, sells $103k in EOSE stock
NEW YORK - Roundhill Investments announced on Thursday the launch of five new WeeklyPay™ ETFs, which began trading on Cboe BZX exchange, expanding its suite to fifteen funds.
The expanded lineup now covers fifteen underlying stocks including Apple, Amazon, Microsoft, Nvidia, and Tesla, according to the company’s press release statement. According to InvestingPro data, Apple, one of the tracked stocks, currently maintains a market capitalization of $3.2 trillion and shows a "GOOD" overall financial health score, with particularly strong profitability metrics.
The WeeklyPay™ ETFs are designed to provide weekly distributions while targeting enhanced weekly returns linked to specific stocks. Each fund aims to deliver approximately 1.2 times (120%) the calendar week total return of the stocks they track.
Roundhill Investments, founded in 2018, is an SEC-registered investment advisor focused on exchange-traded funds. The company noted that its team has collectively launched more than 100 ETFs, including several first-to-market products.
The funds are classified as "non-diversified" under the Investment Company Act of 1940 and carry various risk factors. These include leverage risk, as the funds obtain investment exposure in excess of net assets, and potential losses magnified during adverse market conditions. For investors seeking deeper insights into the underlying stocks, InvestingPro offers comprehensive research reports covering 1,400+ US equities, including detailed risk analysis and valuation metrics.
Other disclosed risks include derivatives risk, swap agreements risk, FLEX options risk, and concentration risk. The company emphasized that the funds are suitable only for knowledgeable investors who actively monitor and manage their investments.
The ETFs provide exposure to weekly total returns rather than daily returns of the tracked stocks, with Roundhill cautioning that investors could lose their entire principal within a single week if the tracked stock decreases by 83.33 percent over any calendar week.
Foreside Fund Services serves as the distributor for the funds, which are actively managed by Roundhill Financial Inc. For investors interested in tracking these ETFs’ underlying stocks, InvestingPro provides real-time analysis, Fair Value calculations, and expert insights through its Pro Research Reports, helping make informed investment decisions in volatile markets.
In other recent news, Apple is expected to report strong financial results, according to Goldman Sachs, which has maintained a Buy rating for the company. The investment bank anticipates Apple will surpass revenue and earnings estimates, driven by an 11% year-over-year growth in its Services segment and robust performance in hardware categories like iPhones, Mac, iPad, and Wearables. Additionally, Apple has launched a new subscription service, AppleCare One, which allows customers to protect up to three devices for $19.99 per month, with options to add more devices for an additional fee. This service offers benefits such as battery replacements, 24-hour customer support, and coverage for accidental damage. In regulatory news, the UK’s Competition and Markets Authority has proposed to designate Apple and Google with ’strategic market status’ for their mobile platforms, suggesting potential actions to enhance competition. Meanwhile, Apple’s recent changes to its App Store rules and fees are likely to gain approval from European Union antitrust regulators, helping the company avoid significant fines. These developments mark a period of strategic growth and regulatory navigation for Apple.
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