Tradr ETFs Launch Three First-to-Market Single-Stock Leveraged ETFs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1d ago
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Source: Newsfilter
- First-to-Market Leveraged ETFs: Tradr ETFs announced the launch of three single-stock leveraged ETFs on January 27, aiming to provide investors with 200% daily returns, marking a significant innovation in the market.
- Product Details: The new offerings include Tradr 2X Long LITE Daily ETF (Cboe: LITX, tracking Lumentum Holdings Inc.), Tradr 2X Long SNDK Daily ETF (Cboe: SNXX, tracking Sandisk Corp.), and Tradr 2X Long WDC Daily ETF (Cboe: WDCX, tracking Western Digital Inc.), providing diverse investment options for investors.
- Risk Considerations: These ETFs are designed for investors with high-risk tolerance, requiring an understanding of leverage risks that could lead to total investment loss, with performance potentially deviating significantly from benchmarks.
- Market Positioning: Tradr ETFs aim to cater to the needs of professional traders, emphasizing short-term trading strategies that may attract investors seeking high returns, thereby enhancing market activity.
Analyst Views on LITE
Wall Street analysts forecast LITE stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for LITE is 303.36 USD with a low forecast of 147.00 USD and a high forecast of 470.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 332.450
Low
147.00
Averages
303.36
High
470.00
Current: 332.450
Low
147.00
Averages
303.36
High
470.00
About LITE
Lumentum Holdings Inc. is a designer and manufacturer of optical and photonic products enabling optical networking and laser applications worldwide. Its segments include Cloud & Networking and Industrial Tech. The Cloud & Networking segment products include a comprehensive portfolio of optical and photonic components, modules, and subsystems supplied to cloud and communications network operators and network equipment manufacturers building cloud data center infrastructure, including products for artificial intelligence and machine learning (AI/ML) and data center interconnect (DCI) applications, and communications service provider networks, including products for access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) network infrastructure. The Industrial Tech segment products include solid-state lasers, kilowatt-class fiber lasers, diode lasers, ultrafast lasers, and gas lasers, which address applications in numerous end-markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
