Tradr Launches 2X Daily ETF TTMX on TTM Technologies, Scaling AUM to $10B
TTMI•Tradr ETFs introduced TTMX, a Cboe-listed 2X long daily ETF aiming to deliver 200% of TTM Technologies’ share performance, with trading commencing July 1. The launch expands Tradr's leveraged lineup to 72 ETFs managing about $10 billion and may boost TTMI liquidity and volatility.
1. TTMX ETF Launch
On July 1, Tradr ETFs launched TTMX, a 2X long daily ETF on TTM Technologies listed on Cboe. The fund seeks to deliver twice the daily return of TTMI shares, offering direct leveraged exposure without using margin or options.
2. Trading and Liquidity Effects
The new ETF provides investors with an efficient vehicle to gain amplified exposure, which may increase TTMI’s trading volume and intraday volatility as leveraged positions become more accessible.
3. Tradr's Leveraged ETF Portfolio
This addition brings Tradr’s total leveraged ETF count to 72, backing roughly $10 billion in assets. The firm also offers first-to-market leveraged funds on quantum computing and semiconductor names.
4. Leverage Risks for Investors
TTMX resets its exposure daily and magnifies underlying movements, meaning a 50% adverse move in TTMI could erase the ETF’s value in a single session. Investors must actively monitor positions and understand daily reset mechanics.
