Tradr 2X Long OPEN Daily ETF (OPEX)

The Tradr 2X Long OPEN Daily ETF (OPEX) 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 Opendoor Technologies Inc. (OPEN). 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.

Opendoor operates a digital residential real estate platform that buys homes directly from sellers, renovates them and resells them, aiming to simplify the process of buying and selling a house.