Tradr launches first-to-market 2X leveraged short ETF for NuScale Power
Tradr ETFs launched the Cboe-listed Tradr 2X Short SMR Daily ETF, seeking −200% of NuScale Power Corporation’s daily share performance alongside a similar Bloom Energy inverse fund. The firm’s leveraged long funds on these two names have collected $150 million, part of a 64-ETF lineup managing over $2 billion.
1. Launch of 2X Short SMR Daily ETF
Tradr ETFs introduced the Tradr 2X Short SMR Daily ETF on the Cboe, offering investors inverse 2× daily exposure to NuScale Power Corporation shares. The fund, trading under the ticker SMZ, marks the first single-stock 2× short ETF of its kind and began trading today.
2. Growth of Tradr’s Leveraged ETF Suite
This launch complements Tradr’s existing suite of 64 leveraged ETFs which manage over $2 billion in assets. The firm’s leveraged long funds on NuScale Power and Bloom Energy have accumulated $150 million, reflecting strong trader appetite for AI-driven energy names.
3. Investor Considerations and Risks
Designed for sophisticated traders, the SMZ ETF eliminates the need for margin or options to express bearish views but resets daily, causing returns to diverge over longer periods. NuScale Power’s high volatility means adverse moves over 50% in a single day could result in a total loss for the ETF.