NightShares Launches Two Tools to Highlight the Power and Impact of the “Night Effect”

Press Release
August 3, 2022
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NightShares Launches Two Tools to Highlight the Power and Impact of the “Night Effect”
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Corte Madera, CA., (August 3, 2022) – Building on the recent launch of their first two ETFs,NightShares has made two new tools available that allow users to explore and understand theNight Effect, a persistent phenomenon whereby overnight markets have historicallyoutperformed the daytime trading session on a risk-adjusted basis.

NightVision, launching today, is an interactive tool that allows users to look at this effect over a variety of equity exposures and time frames. Users can select from three different exposures and drill down into various risk and return metrics over a customizable time period. While many know that overnight and daytime sessions do not behave similarly, these tools provide users deeper insight into historical performance by market session from both a risk and return perspective.

NightVision compliments NightWatch which has been on the website since late July andprovides a real time look at the Night Effect. This unique tool parses the return since the priorday’s close into the overnight and daytime components as markets respond to investor sentiment.

“We are excited to make these tools available on the NightShares website as we believe theyhelp demonstrate the value of focusing on the Night Effect”, said Bruce Lavine, CEO ofNightShares. “Investors are constantly looking to improve their ability to manage risk and returnand we believe these tools will help them think about not just what type of exposure they want tohold, but also when they want to hold it.”

Additional information on NightShares, the Night Effect, and these funds can be found at

About NightShares

NightShares is an asset manager established by ETF veterans to capture the Night Effect, a well demonstrated phenomenon in the capital markets. The firm’s mission is to deliver compelling insights to investors in easily investable products. For more information, visit

For Media Contact

Jessica Ferringer

MacMillan Communications

(212) 473-4442

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Investors should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds and should be read carefully before investing. The prospectus may be obtained by calling 833 648 3383 or at The NightShares ETFs are distributed by Northern Lights Distributors, LLC, member FINRA/SPIC. AlphaTrAI Funds Inc. is the investment advisor to the Funds and is not affiliated with Northern Lights Distributors, LLC. Northern Lights Distributors, LLC is not affiliated with any of the firms referenced in this press release.


Investing involves risk, including loss of principal. There is no guarantee that the Funds will achieve their investment objectives.

The overnight strategy presents a risk of not capturing positive market movement during the day. With the overnight strategy the Fund gives up on potential upside gains during the normal hours exchanges are open.

While the shares of ETFs trade on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress.

Small cap investing involves greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

The Advisor is a newly formed entity.

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