Tradr 2X Long QBTS Daily ETF (QBTX)

The Tradr 2X Long QBTS Daily ETF is a leveraged single-stock fund from Tradr ETFs. Its underlying stock is D-Wave Quantum, a developer of quantum computing systems and software that trades under the ticker QBTS.

The fund seeks daily investment results, before fees and expenses, equal to two times the daily percentage change in D-Wave Quantum's share price, using swap agreements and other derivatives to obtain its leverage.

Because leverage is reset every day, the fund targets daily returns only. Over longer periods, compounding can cause its returns to differ substantially from twice those of D-Wave stock, an effect magnified by the stock's high volatility. It trades on Cboe BZX under the ticker QBTX.