Tradr Launches 2X Inverse ETF as NuScale Downgrade Cites 2034 SMR Delay
Tradr ETFs launched the Tradr 2X Short SMR Daily ETF (SMZ) targeting -200% of NuScale Power’s daily share performance after SMR shares fell 9.3% intraday and have dropped over 56% in six months. TD Cowen downgraded NuScale Power, warning its first small modular reactor project may slip to 2034.
1. Tradr Launches Inverse SMR ETF
Tradr ETFs began trading the Tradr 2X Short SMR Daily ETF (SMZ) on Cboe, offering investors daily inverse 200% exposure to NuScale Power shares through a derivatives strategy. This marks the first inverse leveraged ETF tied specifically to NuScale’s common stock.
2. SMR Stock Volatility
NuScale Power shares declined 9.3% on the SMZ launch day, adding to a 56% drop over the past six months and a 35% decline over 12 months. The steep pullback reflects heightened uncertainty around the timing and approval of its small modular reactor initiatives.
3. Analyst Downgrade and Project Delay
TD Cowen analyst Marc Bianchi downgraded NuScale Power to neutral, highlighting risks that the company’s inaugural SMR nuclear plant project could be postponed to 2034. The potential delay may push back licensing milestones and defer anticipated revenue streams.