Tradr 2X Long APLD Daily ETF (APLX)

The Tradr 2X Long APLD Daily ETF (APLX) is a leveraged single-stock fund from Tradr ETFs. It seeks daily investment results, before fees and expenses, of 200% of the daily percentage change in the share price of Applied Digital Corporation.

Applied Digital, based in Dallas, Texas, designs, builds and operates data centers for high-performance computing, including facilities aimed at artificial intelligence workloads and other power-intensive computing. The fund gains its exposure primarily through swap agreements.

The 2x target is reset each trading day, so the fund's performance over longer periods can differ substantially from twice the return of Applied Digital stock.