Subversive Capital Files 'Ex-Elon' ETFs with the SEC, Excluding Tesla and SpaceX
Subversive Capital has filed for two new actively-managed ETFs that exclude Elon Musk's companies from major indices. The S&P 500 Ex-Elon Enterprises ETF (SPNE) removes Tesla, while the Nasdaq-100 Ex-Elon Enterprises ETF (QQNE) excludes both Tesla and SpaceX. Removing these firms reduces their weight in those indices by approximately 2.2% for the S&P 500 and 8.4% for the Nasdaq-100.
Topics: Elon Musk ETF Nasdaq-100 S&P 500 SpaceX Tesla, Inc.