ZBRA - EQLS: AI-Powered Long-Short ETF

2024-05-28 17:28:30 ET

Summary

• Simplify Market Neutral Equity Long/Short ETF implements a leveraged long-short stock strategy based on machine learning.
• The EQLS ETF is net long in financials and energy, and net short in healthcare and consumer staples.
• Over the last 11 months, EQLS has underperformed a T-bill ETF and two market-neutral ETFs.
• EQLS holds swap contracts embedding some counterparty risk.

EQLS strategy

Simplify Market Neutral Equity Long/Short ETF ( EQLS ) is an actively managed fund with an expense ratio of 1.00% launched on 06/12/2023. The fund uses machine learning (a domain of artificial intelligence) to seek positive absolute return and income. As described in the prospectus by Simplify ETFs ,...

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