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New Etf : DIP

Posted on 12/14/22 at 10:45 am
Posted by FLObserver
Jacksonville
Member since Nov 2005
15731 posts
Posted on 12/14/22 at 10:45 am
Was wondering if anyone could explain how this works? I bought a few shares at 25 this morning. It's been up to 30 and back down to 25 already. Is it worth buying more or not worth it? or is a day trading type etf? Figured i would ask the pros.
Here is the reading:
A new exchange traded fund launched by Kaiju ETF Advisors seeks to leverage AI technology to automatically identify oversold stocks and take advantage of predicted rebounds. The actively managed fund, called The BTD Capital Fund (DIP), is designed to search for "quick-return opportunities" within the S&P 500 and Nasdaq 100.

DIP seeks to capitalize on individual short-term mean reversions of large-cap U.S. stocks by using a proprietary artificial intelligence technology system to identify target areas.

According to the company, the fund's AI backbone scans massive amounts of market data, applying more than 25 factors to identify possible opportunities for short-term gains.

"The company's AI identifies dips, initiates buys, and then instructs when to sell rebounded shares in short order — replacing a significant portion of the ETF's holdings every day," the firm explained.

Regarding the launch, Ryan Pannell, CEO of Kaiju ETF Advisors stated: "Buy the Dip ‘BTD’ is a simple concept — purchase an asset when it's oversold, then sell when its value bounces back." Pannell also added: "Our proprietary algorithm is the basis for an AI that can identify authentic dips in nanoseconds."
This post was edited on 12/14/22 at 10:53 am
Posted by TeaParty
Member since May 2022
935 posts
Posted on 12/14/22 at 11:02 am to
1.29% expense ratio. First I hear of this. But it better perform at those rates
Posted by RidiculousHype
The Hatch
Member since Sep 2007
10680 posts
Posted on 12/14/22 at 2:40 pm to
quote:

The company's AI identifies dips, initiates buys, and then instructs when to sell rebounded shares

A key to their success/failure will be what the AI does with the shares that don't rebound
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