Tradr 2X Long JOBY Daily ETF (JOBX)

Tradr 2X Long JOBY Daily ETF is a leveraged single-stock fund from Tradr ETFs that seeks to deliver twice the daily percentage return of Joby Aviation, the company developing electric vertical takeoff and landing aircraft for air taxi services.

The 2x target applies to each trading day only. The fund gains its exposure mainly through swap agreements and resets its leverage daily. Because of daily compounding, performance over periods longer than one day can differ substantially from twice the return of Joby Aviation shares.