Tradr Plans 2X Daily TTMI ETF Launch on July 1
TTMI•Tradr will launch a 2X Long TTMI Daily ETF (Cboe: TTMX) on July 1, aiming to deliver twice the daily performance of TTM Technologies. The leveraged fund joins four others tracking Ciena, Quantinuum, Rambus, and Tower Semiconductor, offering professional traders amplified exposure to these stocks.
1. Launch Details
Tradr will list the Tradr 2X Long TTMI Daily ETF under ticker TTMX on the Cboe exchange starting July 1. The fund is designed to provide 200% of TTM Technologies’ daily performance by using leverage.
2. Fund Structure and Objectives
The ETF seeks twice the daily returns of TTMI, resetting exposure each trading day to maintain target leverage. It is intended for sophisticated investors and professional traders looking to express high-conviction views.
3. Potential Impact on TTMI
Introduction of the leveraged ETF may increase short-term trading volume and volatility in TTMI shares. Amplified exposure vehicles can attract active traders, potentially affecting market liquidity and price swings.
