Tradr ETFs launches two leveraged exchange-traded funds (ETFs) tracking SpaceX (SPCX). These funds begin trading today, June 15, on the Cboe exchange. The launch follows the company's record-breaking IPO just days ago.
The Tradr 2X Long SpaceX Daily ETF (SPCM) targets 200% of the stock's daily performance. The Tradr 2X Short SpaceX Daily ETF (SPCG) seeks to provide the inverse, or -200%, of the daily movement.
These products target sophisticated traders seeking amplified exposure to the company. Tradr will mark the debut by ringing the Cboe opening bell today.