NightShares 500 ETF (NSPY) Stock Analysis
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
NightShares 500 ETF (NSPY) trades at $29.55 with AI Score 44/100 (Grade C). NightShares 500 ETF aims to capture the 'night effect' by investing in ETFs, equity swaps, futures, and options tied to large-cap… Market cap: $3.75M, Sector: Financial services.
Price as of Aug 21, 2026 · Last analyzed: Mar 17, 2026Analyst Coverage for NSPY: NSPY does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates NSPY against Financial Services peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
NSPY: the 3 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →Why this analysis is different
- A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
- An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
- Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.
NightShares 500 ETF (NSPY) Financial Services Profile
NightShares 500 ETF (NSPY) seeks to capitalize on overnight market performance by strategically investing in ETFs and derivatives linked to large-cap U.S. equities. The fund uses U.S. Treasury securities as collateral, offering investors a unique approach to capturing potential gains during specific trading hours within the financial services sector.
What Is the Investment Thesis for NSPY?
NightShares 500 ETF presents a unique investment proposition centered on capturing the 'night effect' in large-cap U.S. equities. The fund's strategy of utilizing ETFs, derivatives, and U.S. Treasury securities aims to generate returns during overnight trading sessions, potentially enhancing overall portfolio performance. A key value driver is the fund's ability to effectively capture this market anomaly, providing investors with a differentiated source of returns. Growth catalysts include increasing investor awareness of the 'night effect' and the potential for specialized investment strategies to outperform traditional benchmarks. However, potential risks include the uncertainty of the 'night effect' continuing consistently and the complexities of managing derivatives and collateral. The fund's success hinges on its ability to accurately capture the targeted market anomaly while effectively managing associated risks and costs.
Based on FMP financials and quantitative analysis
NSPY Key Highlights
The fund invests in ETFs that track the performance of large-cap U.S. companies, providing exposure to a broad market segment.
- NightShares 500 ETF utilizes equity swaps, futures contracts, and options to capture the 'night effect'.
- The fund purchases United States Treasury securities to maintain collateral during periods when derivatives are utilized.
- The investment strategy focuses on capturing returns during overnight trading sessions.
- The fund's performance is tied to the performance of large-cap U.S. companies.
Who Are NSPY's Competitors?
NSPY is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| IDKFF ThreeD Capital Inc. | $0.07 | +13.85% | $6.98M | 70 |
| ALTEX Firsthand Alternative Energy Fund | $12.93 | -1.90% | $8.98M | 82 |
| ALISR Calisa Acquisition Corp Right | $0.64 | +0.00% | 79 | |
| BCG Binah Capital Group, Inc. | $1.40 | +0.72% | $23.5M | 78 |
| EEA The European Equity Fund, Inc. | $11.15 | -0.59% | $74.7M | 67 |
| HNNA Hennessy Advisors, Inc. | $9.89 | -1.30% | $78.2M | 81 |
| ETHT ProShares - Ultra Ether ETF | $12.57 | +19.94% | $92.2M | 68 |
| TPZ Tortoise Electrification Infrastructure ETF | $21.62 | -0.18% | $127M | 70 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are NSPY's Key Strengths?
Unique investment strategy focused on the 'night effect'.
- Expertise in utilizing derivatives.
- Potential for enhanced returns during specific trading hours.
- Use of U.S. Treasury securities for collateral.
What Are NSPY's Weaknesses?
Reliance on the consistency of the 'night effect'.
- Complexity of managing derivatives and collateral.
- Potential for higher transaction costs.
- Limited track record.
What Could Drive NSPY Stock Higher?
Increased investor interest in specialized investment strategies.
- Growing awareness of the 'night effect' and its potential benefits.
- Technological advancements in trading algorithms and data analytics.
What Are the Key Risks for NSPY?
Changes in market dynamics that diminish the 'night effect'.
- Increased competition from other specialized investment strategies.
- Regulatory changes that impact the use of derivatives.
- Complexity of managing derivatives and collateral.
- Reliance on the consistency of the 'night effect'.
What Are the Growth Opportunities for NSPY?
- Increased Investor Awareness: Growing awareness of the 'night effect' and its potential benefits could drive demand for NightShares 500 ETF. As more investors seek specialized strategies to enhance portfolio returns, the fund's unique approach may attract significant interest. The market size for specialized investment strategies is expanding, with investors increasingly allocating capital to niche areas. Timeline: Ongoing.
- Expansion of Product Offerings: NightShares 500 ETF could expand its product offerings to include ETFs that target the 'night effect' in other asset classes or geographic regions. This could broaden the fund's appeal and attract a wider range of investors. The market for specialized ETFs is growing rapidly, with new products constantly being introduced. Timeline: 1-3 years.
- Strategic Partnerships: Forming strategic partnerships with financial advisors and wealth management firms could increase the distribution of NightShares 500 ETF. By leveraging the networks of established financial professionals, the fund could reach a larger audience of potential investors. The market for financial advisory services is large and growing, with advisors playing a key role in asset allocation decisions. Timeline: Ongoing.
- Technological Advancements: Utilizing advanced trading algorithms and data analytics could improve the fund's ability to capture the 'night effect'. By leveraging technology to optimize its investment strategy, NightShares 500 ETF could enhance its performance and attract more investors. The market for financial technology is rapidly evolving, with new tools and techniques constantly being developed. Timeline: Ongoing.
- Educational Initiatives: Launching educational initiatives to inform investors about the 'night effect' and the fund's investment strategy could increase demand for NightShares 500 ETF. By providing investors with a better understanding of the fund's unique approach, the fund could build trust and attract more capital. The market for financial education is growing, with investors increasingly seeking information to make informed decisions. Timeline: Ongoing.
What Are NSPY's Competitive Advantages?
- Unique investment strategy focused on capturing the 'night effect'.
- Expertise in utilizing derivatives to enhance returns.
- Proprietary trading algorithms and data analytics.
- Established track record of capturing overnight market performance.
What Does NSPY Do?
NightShares 500 ETF is designed to capture the unique market phenomenon known as the 'night effect,' which refers to the tendency of stocks to generate a disproportionate amount of their returns during overnight trading sessions. The fund achieves this objective by strategically allocating its net assets, alongside potential borrowings, into a diverse range of financial instruments. These include exchange-traded funds (ETFs) that mirror the performance of large-cap U.S. companies, direct investments in such companies, equity swaps, futures contracts, and options tied to these large-cap entities or their corresponding indices. To ensure proper risk management and collateralization, particularly during periods when derivatives are actively employed, NightShares 500 ETF also invests in United States Treasury securities. This approach aims to provide a balance between pursuing enhanced returns during specific trading hours and maintaining a prudent investment strategy. The fund's investment approach focuses exclusively on large-cap U.S. companies, aligning its performance with the broader market while targeting the 'night effect'. NightShares 500 ETF offers investors a specialized tool for potentially enhancing their portfolio returns by focusing on a specific market anomaly. The fund's strategy is designed to be complementary to traditional investment approaches, providing an opportunity to capture gains that may not be readily accessible through conventional investment methods.
What Products and Services Does NSPY Offer?
- Invests in ETFs that track the performance of large-cap U.S. companies.
- Utilizes equity swaps to gain exposure to large-cap U.S. equities.
- Employs futures contracts to capture the 'night effect'.
- Uses options on large-cap U.S. companies or indices.
- Purchases United States Treasury securities as collateral.
- Aims to capture returns during overnight trading sessions.
How Does NSPY Make Money?
- Generates revenue through management fees charged on assets under management (AUM).
- Seeks to outperform traditional benchmarks by capturing the 'night effect'.
- Utilizes derivatives to enhance returns and manage risk.
- Maintains collateral in the form of U.S. Treasury securities.
What Industry Does NSPY Operate In?
NightShares 500 ETF operates within the asset management industry, specifically targeting a niche segment focused on capturing overnight market performance. The asset management industry is characterized by intense competition, with numerous firms offering a wide range of investment products, including ETFs, mutual funds, and hedge funds. Market trends include the increasing popularity of ETFs due to their low cost and flexibility, as well as the growing demand for specialized investment strategies that can generate alpha. NightShares 500 ETF differentiates itself by focusing on the 'night effect,' a unique market anomaly that may provide opportunities for enhanced returns.
Who Are NSPY's Key Customers?
- Retail investors seeking specialized investment strategies.
- Financial advisors looking to enhance portfolio returns.
- Institutional investors interested in capturing the 'night effect'.
- Sophisticated investors seeking alternative investment opportunities.
How NightShares 500 ETF Is Valued
NightShares 500 ETF carries a market capitalization of $3.75M, placing it in the micro-cap category. Relative to its peer group, NSPY's quantitative score of 44/100 is below the peer average of 75/100.
Key Financial Metrics
Return on equity for NightShares 500 ETF stands at 0.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.0%, showing how much profit it generates from its asset base. NSPY trades at a trailing price-to-earnings ratio of 0.00, below the Financial Services sector average of ~18x. Its free cash flow yield is 0.0%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.00 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 0.0%, the inverse of the P/E and a quick read on earnings relative to price.
NSPY Financials
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the ETF's long-term performance, indicating that key stakeholders believe in its growth potential.
- Community sentiment has shifted positively, with discussions highlighting the ETF's diversified exposure to large-cap stocks as a buffer against market volatility.
- Analysts are noting the ETF's alignment with broader market trends, particularly the resilience of the S&P 500 amidst economic uncertainties.
- Increased retail interest in ETFs has emerged, suggesting a growing belief in passive investment strategies, which may favor NSPY.
Bear Case
- Some investors express concern over the potential impact of rising interest rates on overall market performance, which could weigh on the ETF's returns.
- Market sentiment remains cautious due to geopolitical tensions and inflation fears, leading to skepticism about the sustainability of recent gains.
- There is a notable bearish sentiment in forums, with discussions focusing on the potential for a market correction that could impact large-cap stocks.
- Recent volatility in tech stocks, which heavily influence the S&P 500, raises concerns about the ETF's ability to maintain its value in a downturn.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
NSPY Latest News
No recent news available for NSPY.
NSPY Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for NSPY.
Price Targets
Wall Street price target analysis for NSPY.
NSPY MoonshotScore
What does this score mean?
The MoonshotScore rates NSPY 0-100 on quantitative fundamentals — growth, financial health, valuation, momentum, and risk.
NSPY Financial Services Stock FAQ
What does the AI Score mean for NSPY?
NSPY holds an AI Score of 44/100 (Grade: C). This is an educational research signal, not a buy or sell recommendation. NightShares 500 ETF aims to capture the 'night effect' by investing in ETFs, equity swaps, futures, and options tied to large-cap U.S. companies. It also invests in U.S. Treasury securities …
What does NightShares 500 ETF do?
NightShares 500 ETF is designed to capture the 'night effect' by investing in ETFs, equity swaps, futures, and options tied to large-cap U.S. companies. The fund aims to generate returns during overnight trading sessions, potentially enhancing overall portfolio performance.
What are the main risks for NSPY?
The main risks for NightShares 500 ETF include the uncertainty of the 'night effect' continuing consistently, the complexities of managing derivatives and collateral, and potential regulatory changes that could impact the use of derivatives. Additionally, changes in market dynamics could diminish the 'night effect', and increased competition from other specialized investment strategies could reduce the fund's market share. Investors should carefully consider these risks before investing in NightShares 500 ETF.
How does NightShares 500 ETF make money in financial services?
NightShares 500 ETF generates revenue primarily through management fees charged on its assets under management (AUM). These fees are calculated as a percentage of the fund's total assets and are used to cover the costs of managing the fund, including investment research, trading, and administrative expenses.
How sensitive is NSPY to interest rate changes?
NightShares 500 ETF's sensitivity to interest rate changes is primarily related to its investments in U.S. Treasury securities, which are used as collateral for its derivative positions. Rising interest rates could negatively impact the value of these Treasury securities, potentially reducing the fund's overall returns. However, the fund's primary focus is on capturing the 'night effect' in large-cap U.S.
What are the key factors to evaluate for NSPY?
NightShares 500 ETF (NSPY) holds an AI score of 44/100 (low). NightShares 500 ETF presents a unique investment proposition centered on capturing the 'night effect' in large-cap U.S. Not financial advice.
How frequently does NSPY data refresh on this page?
NSPY's price was last updated on Aug 21, 2026 and refreshes on page view during U.S. market hours — it is not a real-time exchange feed. Fundamentals update after quarterly filings; the MoonshotScore recalculates nightly; news aggregates continuously.
What has driven NSPY's recent stock price performance?
NightShares 500 ETF (NSPY) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Unique investment strategy focused on the 'night effect'. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider NSPY overvalued or undervalued right now?
NightShares 500 ETF (NSPY) has no trailing P/E available here, so lean on price-to-sales and cash flow in the Financials tab. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- AI analysis pending for NSPY. The 'night effect' is not guaranteed to persist.