Tradr 2X Long ON Daily ETF (ONX)

The Tradr 2X Long ON Daily ETF (ONX) is a leveraged exchange-traded fund from Tradr ETFs that seeks daily investment results, before fees and expenses, equal to two times (2x) the daily percentage change in the share price of ON Semiconductor Corporation (onsemi) (ON). It typically obtains this exposure through swap agreements and similar derivatives rather than holding only the stock itself.

Because the fund resets its leverage each trading day, its objective applies to single-day returns only. Over periods longer than one day, compounding can cause the fund's performance to differ significantly from twice the return of the underlying stock.

onsemi makes power and sensing semiconductors, including silicon carbide devices and image sensors, used largely in automotive, industrial and energy applications.