Tradr 2X Short AAOI Daily ETF (AAOZ)

The Tradr 2X Short AAOI Daily ETF is a single-stock inverse leveraged fund from Tradr ETFs. It seeks daily investment results equal to two times the inverse (-200%) of the daily percentage change in the share price of Applied Optoelectronics, a maker of fiber-optic transceivers and networking components, so the fund is designed to rise on days when the stock falls.

The fund establishes its short exposure through swap agreements and other derivatives and rebalances each day to maintain the -2x target. Because the objective applies only to single trading days, its performance over longer periods can differ substantially from negative two times the stock's cumulative return, an effect that grows with volatility.

The ETF trades on Cboe BZX under the ticker AAOZ.