Overview
Description
Tradr 2x Short Tesla Daily ETF is a leveraged exchange-traded fund designed to provide twice the inverse daily performance of Tesla Inc.'s common stock. This type of ETF is structured to cater to investors who seek to capitalize on potential declines in the price of Tesla shares by providing amplified inverse exposure. It achieves this by utilizing financial instruments such as derivatives, swaps, and futures contracts to magnify the inverse movement of Tesla's stock price on a day-to-day basis. This ETF is particularly relevant to traders looking for short-term strategies to hedge or speculate against Tesla's volatility. It operates primarily in the technology and automotive sectors due to Tesla’s significant influence in these industries. As part of the broader financial market, leveraged inverse ETFs like this one play an important role by offering opportunities for tactical asset allocation, risk management, and providing liquidity through active trading.
About
Address
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Phone
(414) 299-2295
Website
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Instrument type
ETF
Country
United States
MIC code
XNMS