Tradr Debuts 5 New Leveraged ETFs Targeting AI Power Stocks
- Tradr has launched 5 new leveraged ETFs tracking individual AI and energy stocks.
- The funds target CoreWeave, AST SpaceMobile, Constellation Energy, GE Vernova & NuScale Power.
- Each ETF charges a 1.3% management fee and seeks 200% daily performance.
Tradr ETFs has launched five new leveraged exchange-traded funds targeting artificial intelligence and power infrastructure stocks, marking the first leveraged ETFs to track these individual companies.
The firm announced the debut of double-long daily ETFs tracking CoreWeave Inc. (CRWV), AST SpaceMobile Inc. (ASTS), Constellation Energy Corp. (CEG), GE Vernova Inc. (GEV) and Nuscale Power Corp. (SMR), according to a Friday press release.
CWVX, New ETFs Expand Tradr Lineup
The launch represents Tradr's expansion into single-stock leveraged strategies focused on companies positioned to benefit from the artificial intelligence boom, particularly those involved in power generation and data center infrastructure needed to support AI workloads, according to the press release.
Each fund seeks to deliver twice the daily performance of its underlying stock through swap agreements and derivative instruments, according to the prospectus filings.
All five ETFs carry a 1.3% management fee with no distribution or service fees, according to the prospectus. The funds do not include embedded swap costs in their expense ratios, which represent an indirect expense for investors.
The Tradr 2X Long CRWV Daily ETF (CWVX) tracks CoreWeave, a cloud computing company specializing in GPU infrastructure for AI applications. The 2X Long ASTS Daily ETF (ASTX) follows AST SpaceMobile, which develops satellite-based cellular broadband networks.
Energy Infrastructure Focus
Three of the five funds target energy companies. The 2X Long CEG Daily ETF (CEGX) tracks Constellation Energy, one of the largest clean energy generators in the United States. The 2X Long GEV Daily ETF (GEVX) follows GE Vernova, General Electric's energy business that was spun off as a separate company.
The 2X Long SMR Daily ETF (SMU) tracks Nuscale Power, which develops small modular nuclear reactor technology, according to the prospectus.
Tradr describes the products as "first-to-market strategies" and notes all five represent 2X long single-stock approaches focused on liquid growth companies, according to the press release. The ETFs are listed on Cboe exchange and distributed by ALPS Distributors Inc.
