Investors Hammer Home Returns with 'NAIL'

The video discusses the Nail ETF, a leveraged fund aiming for a 300% return of its benchmark index in a single day. It focuses on home builders, making it riskier than typical ETFs. The fund is not suitable for long-term holding, as highlighted by its red light rating in the Bloomberg Intelligence Traffic Light System. Nail ETF includes 45 market cap-weighted holdings, with significant investments in large caps like Dr Horton and Sherwin-Williams. It manages around $75 million in assets with an expense ratio of 95 basis points.

What warning does the Bloomberg Intelligence Traffic Light System give for this ETF?

What is the expense ratio of the leveraged ETF?