Tradr 2X Long LRCX Daily ETF (LRCU)

Tradr 2X Long LRCX Daily ETF is a leveraged single-stock fund from Tradr ETFs. It seeks to deliver 200% of the daily percentage change in the share price of Lam Research Corporation (LRCX), the Fremont, California-based supplier of wafer fabrication equipment used in etching, deposition and cleaning processes for semiconductor production.

The fund obtains its leveraged exposure primarily through swap agreements and other derivatives, holding cash and short-term instruments as collateral, and rebalances that exposure at the end of each trading day.

Because the objective is measured daily, the fund's performance over periods longer than a day is affected by compounding and can diverge meaningfully from twice the cumulative return of Lam Research stock. It is intended for short-term trading by investors who actively monitor their positions.