By Anne Kates Smith
From Kiplinger’s Personal Finance
The exchange-traded fund industry is nothing if not innovative. And if you’ve got a strong appetite for risk and a very short outlook, a host of new Exchange-Traded Funds (ETFs) will allow you to make outsize bets, up or down, on some of the market’s most meme-worthy stocks.
Single-stock ETFs use derivatives to give you a leveraged or inverse position in stocks such as Apple, Coinbase, Nvidia, PayPal, and Tesla. A leveraged bet means your returns will be amplified beyond the underlying stock’s performance; an inverse bet generally means you’re expecting the underlying share price to fall….