Tradr Launches 2X Long Coherent ETF with 200% Daily Exposure
Tradr ETFs has launched its Tradr 2X Long COHR Daily ETF (Cboe: COHX), seeking to deliver 200% of Coherent Corp’s daily share performance. The debut expands Tradr’s leveraged ETF suite to 69 funds with over $2bn in assets under management and offers traders 2x exposure without margin or option use.
1. ETF Launch
Today Tradr ETFs introduced Tradr 2X Long COHR Daily ETF (COHX) on Cboe, offering 200% daily performance tracking Coherent Corp. This fund is part of Tradr’s first-to-market single-stock leverage series.
2. Product Details
COHX provides professional traders two times long daily exposure without the need for margin or options, simplifying leveraged trading. It joins 68 existing leveraged ETFs, bringing the firm’s total assets under management to over $2 billion.
3. Potential Market Impact
The new ETF could amplify Coherent’s intraday volatility and trading volume as investors employ leveraged strategies. Its daily reset mechanism means performance will diverge from Coherent’s underlying share returns over longer holding periods.