Tradr 2X Short LITE Daily ETF (LITZ)

The Tradr 2X Short LITE Daily ETF is a leveraged inverse single-stock fund that seeks daily results equal to negative two times the daily percentage change in the share price of Lumentum Holdings, a maker of optical and photonic components and lasers for data center, telecommunications and industrial markets.

The fund is designed to rise when Lumentum shares fall on a given day and to fall when they rise, using swaps and other derivatives to create its short exposure. Because the -2x target resets every trading day, results over longer periods can differ substantially from twice the inverse of Lumentum's return.

It is offered by Tradr ETFs and trades on Cboe BZX.