Tradr Launches 2X Long Coherent ETF as Shares Jump 8.23%
Tradr has launched the 2X Long COHR Daily ETF, targeting 200% of Coherent Corp’s daily stock returns, and shares surged 8.23% on debut. The fund offers amplified volatility exposure with a daily reset mechanism that can produce compounding effects over multi-day holds.
1. Tradr Launches 2X Long Coherent ETF
Tradr introduced the Tradr 2X Long COHR Daily ETF on February 24, 2026, aiming to deliver 200% of Coherent Corp’s daily stock return. The fund carries the BATS ticker COHX and marks Tradr’s first single-stock leveraged product for photonics and semiconductor exposure.
2. Performance and Investor Considerations
COHX shares opened with an 8.23% gain on its first trading day as traders sought amplified volatility exposure. The ETF resets daily, which can lead to compounding deviations from the 2X multiple over multi-day periods, emphasizing the need for active management.