Tradr ETFs is quickly becoming one of the most aggressive players in the leveraged ETF marketplace. A week after the introduction of six single-stock leveraged funds, the company introduced five more on Tuesday.
New introductions include:
- Tradr 2X Long CLSK Daily ETF (BATS:CLSX) – following CleanSpark Inc (NASDAQ:CLSK)
- Tradr 2X Long CRDO Daily ETF (BATS:CRDU) – follows Credo Technology Group Holding Ltd (NASDAQ:CRDO)
- Tradr 2X Long ENPH Daily ETF (BATS:ENPX) – follows Enphase Energy Inc (NASDAQ:ENPH)
- Tradr 2X Long GS Daily ETF (BATS:GSX) – follows Goldman Sachs Group Inc (NYSE:GS)
- Tradr 2X Long U Daily ETF (BATS:UNX) – follows Unity Software Inc (NYSE:U)
Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs, said that these new products touch upon some very interesting and highly tracked stories such as bitcoin mining, AR/VR gaming, and niche semiconductors.
A Growing Arsenal Of Leveraged Plays
The new release comes on the heels of Tradr’s Sept. 9 launch of six leveraged ETFs related to high-growth categories such as AI infrastructure and future mobility.
Previous releases have provided traders with leveraged exposure to names like Astera Labs Inc (NASDAQ:ALAB), Datadog Inc (NASDAQ:DDOG), MongoDB Inc (NASDAQ:MDB), and Lam Research Corp (NASDAQ:LRCX).
A High-Octane Tool
Leveraged ETFs are engineered to increase daily moves, producing twice the return, or the loss, of the underlying stock. To take an example, if Enphase Energy increases 1% in a day, ENPX will gain around 2%. The reverse is equally piquant: a 1% fall in Enphase would mean a corresponding approximately 2% fall in the ETF. That volatility makes the products most suitable for short-term traders, not long-term investors.
With its new rollout, Tradr is betting that traders’ demand for single-stock leverage, driven by such themes as AI, renewables, and fintech, is far from exhausted.
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