Tradr 2X Long CRDO Daily ETF (CRDU)

The Tradr 2X Long CRDO Daily ETF seeks daily investment results, before fees and expenses, of two times (200%) the daily performance of the common stock of Credo Technology Group Holding Ltd (CRDO). The target applies to a single trading day, so returns over longer periods can differ substantially from the multiple of the stock's return because of daily compounding.

Credo Technology Group designs high-speed connectivity products, including serializer/deserializer (SerDes) technology, active electrical cables and optical signal-processing chips used to move data inside data centers and AI computing clusters. The fund gets its exposure mainly through swap agreements and may also use options or hold shares of the stock, keeping its remaining assets in cash and short-term instruments.

The fund is sponsored by Tradr ETFs. Because it resets its exposure every day, it is built as a short-term trading tool rather than a buy-and-hold investment.