Tradr ETFs to Launch Three Leveraged ETFs on February 19
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 8 hours ago
0mins
Should l Buy CLSK?
Source: seekingalpha
- Product Expansion Plan: Tradr ETFs announced plans to launch three single-stock leveraged exchange-traded funds (ETFs) on February 19, aimed at catering to active traders and expanding its product lineup.
- Leverage Design: These CBOE-listed funds will offer either two times the inverse (-200%) or two times the long (200%) daily performance of specific underlying stocks, becoming the first-to-market leveraged products, potentially attracting investors seeking high-risk, high-reward opportunities.
- New ETF Overview: The newly launched ETFs include the Tradr 2X Short CLSK Daily ETF (CLSZ), linked to CleanSpark (CLSK); the Tradr 2X Long LEU Daily ETF (LEUX), tied to Centrus Energy (LEU); and the Tradr 2X Long COHR Daily ETF (COHX), associated with Coherent (COHR), covering multiple sectors.
- Market Performance Data: Year-to-date, CleanSpark (CLSK) has declined by 8.3%, Centrus Energy (LEU) has fallen by 17.8%, while Coherent (COHR) has risen by 19.2%, reflecting diverse market dynamics and providing investors with varied options.
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Analyst Views on CLSK
Wall Street analysts forecast CLSK stock price to rise
10 Analyst Rating
10 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.280
Low
14.00
Averages
23.50
High
27.00
Current: 9.280
Low
14.00
Averages
23.50
High
27.00
About CLSK
CleanSpark, Inc. is a bitcoin mining company. The Company independently owns and operates data centers across the United States with locations in Georgia, Mississippi, Tennessee and Wyoming for a total contracted power capacity of approximately 853 megawatts (MW). The Company designs its infrastructure to responsibly secure and support the bitcoin network. Its operating mining units are capable of producing over 40 exahashes per second (EH/s) of computing power. The Company operates approximately 188,500 bitcoin mining machines, with a hashrate capacity of approximately 27.6 EH/s and a fleetwide efficiency of 21.94 joules per terahash (J/TH). The Company's subsidiaries include ATL Data Centers LLC, CleanBlok, Inc., CleanSpark DW, LLC, CleanSpark GLP, LLC, CSRE Properties Washington, LLC, CSRE Properties Dalton, LLC, CSRE Property Management Company, LLC, and CSRE Properties Norcross, LLC, among others.
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.
Tradr ETFs to Launch Three Leveraged ETFs on February 19
- Product Expansion Plan: Tradr ETFs announced plans to launch three single-stock leveraged exchange-traded funds (ETFs) on February 19, aimed at catering to active traders and expanding its product lineup.
- Leverage Design: These CBOE-listed funds will offer either two times the inverse (-200%) or two times the long (200%) daily performance of specific underlying stocks, becoming the first-to-market leveraged products, potentially attracting investors seeking high-risk, high-reward opportunities.
- New ETF Overview: The newly launched ETFs include the Tradr 2X Short CLSK Daily ETF (CLSZ), linked to CleanSpark (CLSK); the Tradr 2X Long LEU Daily ETF (LEUX), tied to Centrus Energy (LEU); and the Tradr 2X Long COHR Daily ETF (COHX), associated with Coherent (COHR), covering multiple sectors.
- Market Performance Data: Year-to-date, CleanSpark (CLSK) has declined by 8.3%, Centrus Energy (LEU) has fallen by 17.8%, while Coherent (COHR) has risen by 19.2%, reflecting diverse market dynamics and providing investors with varied options.
See More
Bitcoin Price Volatility and Shorted Stock Analysis
- Bitcoin Price Fluctuation: Bitcoin experienced significant volatility in February, hitting a low of $60,230.14 on February 6, marking its lowest point since the FTX collapse in late 2022, which reflects ongoing market uncertainty and could impact investor confidence.
- High Short Interest Stocks: CleanSpark has a short interest of 31.68% and MARA Holdings at 30.24%, indicating a pessimistic market outlook for these companies, which may lead to further declines in their stock prices.
- Low Short Interest Stocks: Block's short interest stands at just 3.50%, suggesting strong market confidence in its stability, potentially attracting more investor interest and enhancing its market performance.
- Coinbase's Market Strategy: Coinbase is buoyed by stock buybacks and revenue diversification strategies, and despite market volatility, it is expected to continue attracting investors amid improving legislative outlooks.
See More
Market Dynamics of Heavily Shorted Stocks
- Attraction of Shorted Stocks: LCID stock has become a target for heavy shorting as many experienced traders and institutional investors believe the company's fundamentals are overvalued, reflecting a pessimistic outlook on its future performance.
- Short Selling Mechanics: Short sellers bet on significant risks facing the company, such as poor earnings or industry headwinds, which may lead to a decline in stock price, thus garnering attention for short-selling strategies in the market.
- Short Squeeze Dynamics: When a stock's price unexpectedly rises, short sellers are forced to buy back shares to cover their positions, creating a surge in demand that further drives up the price, resulting in a feedback loop that can lead to explosive gains in a short time frame.
- Most Shorted Stocks List: As of February 13, the most heavily shorted stocks include companies with market caps above $2 billion and free floats exceeding 5 million shares, with short interest serving as a barometer of market sentiment.
See More
CleanSpark Stock Surge Driven by Bitcoin Price Increase
- Bitcoin Price Impact: As a pure-play bitcoin miner, CleanSpark's revenue and profitability are closely tied to bitcoin prices, and with the recent spike in bitcoin, the value of each mined coin increases while many operating costs remain fixed, thereby expanding mining margins.
- Earnings Report Miss: CleanSpark's fiscal first-quarter revenue of approximately $181 million fell short of Wall Street's expectations of $196 million, with a wider-than-expected loss of $1.35 per share; however, management highlighted a strong balance sheet with over $450 million in cash and roughly $1 billion in bitcoin.
- Technical Analysis: Currently, CleanSpark's stock is trading 13.2% below its 20-day simple moving average and 27.9% below its 100-day simple moving average, indicating a challenging short-term outlook despite today's gains.
- Weak Market Momentum: Although CleanSpark shares rose 8.81% to $10.14, they have decreased by 5.62% over the past 12 months and are closer to their 52-week lows, suggesting ongoing pressure in the longer-term trend, with a low momentum score of 17.64 indicating a weak trend overall.
See More
U.S. Stocks Hit Historic Highs as Tech Stocks Rebound
- Dow Jones Milestone: The Dow Jones Industrial Average surpassed the 50,000 mark for the first time, reflecting renewed investor confidence in technology and semiconductor stocks, which may drive future investment enthusiasm.
- Tech Stock Recovery: Despite a severe selloff in software and AI-related stocks leading to one of the sharpest pullbacks in years, the market's rebound before the weekend indicates sustained investor interest in tech stocks, potentially boosting earnings for related companies.
- Improved Market Breadth: Financials, industrials, and select consumer names joined the rally, indicating improved market sentiment, while Bitcoin's rebound also lifted crypto-linked stocks, showcasing investors' preference for diversified investments.
- Analysts Warn of Volatility: Despite a strong market finish, analysts caution that volatility remains high, urging investors to closely monitor upcoming earnings reports and Federal Reserve policy signals to assess the sustainability of massive AI spending.
See More
Hut 8 Mining Stock Rises on Bitcoin Rebound
- Bitcoin Rebound: Bitcoin's price rebounded by 7% to the $68,000 level after a sharp decline, directly driving Hut 8 Mining's stock rise, indicating a restoration of market confidence in cryptocurrencies.
- Stock Performance: Hut 8 Mining's shares surged 8.86% to $48.42 on Friday, reflecting investor optimism regarding the crypto market recovery and demonstrating the company's strong performance among its peers.
- Market Dynamics: Despite a severe downturn earlier this week that led to double-digit losses for many crypto-related stocks, Hut 8 successfully capitalized on the positive sentiment surrounding Friday's market rebound, showcasing its resilience in a volatile environment.
- Industry Comparison: Hut 8 Mining's stock has increased by 131.99% over the past year, significantly outperforming the average peer performance of just 6.65%, highlighting its dominant position and the substantial gap established with competitors.
See More
Tradr ETFs to Launch Three Leveraged ETFs on February 19
- Product Expansion Plan: Tradr ETFs announced plans to launch three single-stock leveraged exchange-traded funds (ETFs) on February 19, aimed at catering to active traders and expanding its product lineup.
- Leverage Design: These CBOE-listed funds will offer either two times the inverse (-200%) or two times the long (200%) daily performance of specific underlying stocks, becoming the first-to-market leveraged products, potentially attracting investors seeking high-risk, high-reward opportunities.
- New ETF Overview: The newly launched ETFs include the Tradr 2X Short CLSK Daily ETF (CLSZ), linked to CleanSpark (CLSK); the Tradr 2X Long LEU Daily ETF (LEUX), tied to Centrus Energy (LEU); and the Tradr 2X Long COHR Daily ETF (COHX), associated with Coherent (COHR), covering multiple sectors.
- Market Performance Data: Year-to-date, CleanSpark (CLSK) has declined by 8.3%, Centrus Energy (LEU) has fallen by 17.8%, while Coherent (COHR) has risen by 19.2%, reflecting diverse market dynamics and providing investors with varied options.
See More
Bitcoin Price Volatility and Shorted Stock Analysis
- Bitcoin Price Fluctuation: Bitcoin experienced significant volatility in February, hitting a low of $60,230.14 on February 6, marking its lowest point since the FTX collapse in late 2022, which reflects ongoing market uncertainty and could impact investor confidence.
- High Short Interest Stocks: CleanSpark has a short interest of 31.68% and MARA Holdings at 30.24%, indicating a pessimistic market outlook for these companies, which may lead to further declines in their stock prices.
- Low Short Interest Stocks: Block's short interest stands at just 3.50%, suggesting strong market confidence in its stability, potentially attracting more investor interest and enhancing its market performance.
- Coinbase's Market Strategy: Coinbase is buoyed by stock buybacks and revenue diversification strategies, and despite market volatility, it is expected to continue attracting investors amid improving legislative outlooks.
See More
Market Dynamics of Heavily Shorted Stocks
- Attraction of Shorted Stocks: LCID stock has become a target for heavy shorting as many experienced traders and institutional investors believe the company's fundamentals are overvalued, reflecting a pessimistic outlook on its future performance.
- Short Selling Mechanics: Short sellers bet on significant risks facing the company, such as poor earnings or industry headwinds, which may lead to a decline in stock price, thus garnering attention for short-selling strategies in the market.
- Short Squeeze Dynamics: When a stock's price unexpectedly rises, short sellers are forced to buy back shares to cover their positions, creating a surge in demand that further drives up the price, resulting in a feedback loop that can lead to explosive gains in a short time frame.
- Most Shorted Stocks List: As of February 13, the most heavily shorted stocks include companies with market caps above $2 billion and free floats exceeding 5 million shares, with short interest serving as a barometer of market sentiment.
See More
CleanSpark Stock Surge Driven by Bitcoin Price Increase
- Bitcoin Price Impact: As a pure-play bitcoin miner, CleanSpark's revenue and profitability are closely tied to bitcoin prices, and with the recent spike in bitcoin, the value of each mined coin increases while many operating costs remain fixed, thereby expanding mining margins.
- Earnings Report Miss: CleanSpark's fiscal first-quarter revenue of approximately $181 million fell short of Wall Street's expectations of $196 million, with a wider-than-expected loss of $1.35 per share; however, management highlighted a strong balance sheet with over $450 million in cash and roughly $1 billion in bitcoin.
- Technical Analysis: Currently, CleanSpark's stock is trading 13.2% below its 20-day simple moving average and 27.9% below its 100-day simple moving average, indicating a challenging short-term outlook despite today's gains.
- Weak Market Momentum: Although CleanSpark shares rose 8.81% to $10.14, they have decreased by 5.62% over the past 12 months and are closer to their 52-week lows, suggesting ongoing pressure in the longer-term trend, with a low momentum score of 17.64 indicating a weak trend overall.
See More
U.S. Stocks Hit Historic Highs as Tech Stocks Rebound
- Dow Jones Milestone: The Dow Jones Industrial Average surpassed the 50,000 mark for the first time, reflecting renewed investor confidence in technology and semiconductor stocks, which may drive future investment enthusiasm.
- Tech Stock Recovery: Despite a severe selloff in software and AI-related stocks leading to one of the sharpest pullbacks in years, the market's rebound before the weekend indicates sustained investor interest in tech stocks, potentially boosting earnings for related companies.
- Improved Market Breadth: Financials, industrials, and select consumer names joined the rally, indicating improved market sentiment, while Bitcoin's rebound also lifted crypto-linked stocks, showcasing investors' preference for diversified investments.
- Analysts Warn of Volatility: Despite a strong market finish, analysts caution that volatility remains high, urging investors to closely monitor upcoming earnings reports and Federal Reserve policy signals to assess the sustainability of massive AI spending.
See More
Hut 8 Mining Stock Rises on Bitcoin Rebound
- Bitcoin Rebound: Bitcoin's price rebounded by 7% to the $68,000 level after a sharp decline, directly driving Hut 8 Mining's stock rise, indicating a restoration of market confidence in cryptocurrencies.
- Stock Performance: Hut 8 Mining's shares surged 8.86% to $48.42 on Friday, reflecting investor optimism regarding the crypto market recovery and demonstrating the company's strong performance among its peers.
- Market Dynamics: Despite a severe downturn earlier this week that led to double-digit losses for many crypto-related stocks, Hut 8 successfully capitalized on the positive sentiment surrounding Friday's market rebound, showcasing its resilience in a volatile environment.
- Industry Comparison: Hut 8 Mining's stock has increased by 131.99% over the past year, significantly outperforming the average peer performance of just 6.65%, highlighting its dominant position and the substantial gap established with competitors.
See More
