New ETF Goes Long On Heavily Shorted Stocks

A new exchange traded fund (ETF) is getting ready to launch, but instead of simply tracking an index, the actively managed Short Squeeze Fund (ticker:SQZZ) will give investors a chance to gain long exposure to stocks that are being heavily shorted. Short Squeeze Fund ETF will pick stocks normally most of the time The Short Squeeze Fund will measure its performance against the Russell 2000 (INDEXRUSSELL:RUT), though it won’t track any specific index. By default, the fund’s sub-adviser will pick stocks as any active manager would. But it will also lend securities to short sellers when it thinks there is…