Tradr Launches 2X Long ON Semiconductor ETF, Boosts 63-Fund Lineup to $7 Billion AUM
ON•Tradr ETFs launched Tradr 2X Long ON Daily ETF (Cboe: ONX), offering 200% of ON Semiconductor’s daily performance as one of three first-to-market semiconductor single-stock leveraged funds. This raises Tradr’s leveraged lineup to 63 ETFs with over $7 billion in assets under management.
1. Launch of Tradr 2X Long ON Daily ETF
Tradr ETFs introduced the Tradr 2X Long ON Daily ETF (Cboe: ONX), a first-to-market single-stock leveraged fund seeking 200% of ON Semiconductor’s daily performance. It joins similar 2X ETFs on Microchip Technology and NXP Semiconductors, all of which began trading on May 28.
2. Expansion of Tradr’s Leveraged Portfolio
This new ONX ETF expands Tradr’s leveraged lineup to 63 products covering actively traded stocks and ETFs, backed by over $7 billion in assets under management. Tradr promotes these funds as precision trading tools that eliminate margin requirements and the complexity of options for sophisticated investors.
