Key stats
About Tidal Trust III Battleshares TSLA vs F ETF
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Inception date
Feb 12, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ELON focuses on investments in Tesla, Inc. (TSLA) and Ford Motor Company (F) through a long/short strategy that aims to effectively navigate the rapidly changing automotive landscape. It establishes a leveraged long position in TSLA, typically targeting 180% to 220% of its net assets, while maintaining a leveraged short position in Ford, generally ranging from -80% to -120%. This strategy reflects a belief in TSLA's innovative edge in electric vehicles, contrasting with Ford's established position in traditional automobiles. By utilizing a mix of direct equity investments, short sales, swaps, and listed options, ELON seeks to respond flexibly to market shifts and create opportunities. Frequent rebalancing allows the fund to manage risk and adapt to changing market conditions. By targeting a net long exposure of 100% to 120% of its net assets, ELON seeks to maintain a balanced approach to risk and return in the automotive sector.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Mutual fund
Bonds, Cash & Other100.00%
Cash79.35%
Mutual fund20.65%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ELON assets under management is 1.12 M USD. It's fallen 23.92% over the last month.
ELON fund flows account for 2.75 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ELON doesn't pay dividends to its holders.
ELON shares are issued by Toroso Investments Topco LLC under the brand Battleshares. The ETF was launched on Feb 12, 2025, and its management style is Active.
ELON expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
ELON follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ELON invests in cash.
ELON trades at a premium (0.15%) meaning the ETF is trading at a higher price than the calculated NAV.