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Tradr ETFs, a provider of exchange-traded funds designed for sophisticated investors and professional traders, has launched two new short leveraged single-stock ETFs. The Cboe-listed funds aim to deliver two times the inverse (-200%) of the daily performance of their respective underlying stocks.
The funds are designed as first-to-market strategies that allow traders to express a bearish view on two top-performing stocks.
Tradr said the timing reflects recent stock performance. Matt Markiewicz, Head of Product and Capital Markets at Tradr ETFs, noted that Sandisk was recently included in the Nasdaq 100 Index and described both Sandisk and Lumentum as having seen “meteoric price appreciation over the past eight months.” He added that traders have lacked a leveraged ETF to press downside moves, which the firm says supports the launch timing.
Tradr’s ETF lineup includes 58 leveraged ETFs, representing more than $4 billion in assets under management. The firm said its strategies are available through most brokerage platforms and are intended to help investors avoid the hassle of using margin and the complexity of options trading.
Tradr ETFs states that the funds are intended for sophisticated investors and professional traders with high-conviction views and are designed as short-term trading vehicles. Because the ETFs use leverage, they are riskier than alternatives that do not use leverage, and they magnify the performance of their underlying securities.
Tradr said investors should review the prospectus for additional risks, charges, and expenses, and that past performance does not guarantee future results.
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