Tradr 2X Short SNDK Daily ETF rStock RSNDQ
RSNDQ
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Description
This fund, issued by Tradr, is a single-stock two times leveraged inverse exchange-traded fund. Its tracking target is a specific public semiconductor or technology company (SNDK, representing flash memory and storage technology concepts). Through financial swaps and other derivative instruments, the fund seeks to provide daily investment results that correspond to negative two times (-2x) the daily price movement of the underlying stock. This product is designed to help highly professional, high-risk-tolerant short-term investors maximize gains from single-day downward trends using leverage when the storage industry or specific stock fundamentals deteriorate or hit short-term major headwinds.