Tradr 2X Long SITM Daily ETF (SITX)

The Tradr 2X Long SITM Daily ETF is a leveraged single-stock exchange-traded fund from Tradr ETFs that seeks daily investment results equal to 200% of the daily percentage change of SiTime Corporation, which trades under the ticker SITM. SiTime, based in Santa Clara, California, develops MEMS-based timing devices, including oscillators, resonators and clock generators used in communications, data center, automotive and consumer electronics.

The fund generally obtains its exposure through swap agreements or other derivatives. Since leverage is reset each trading day, the fund targets twice the stock's return for a single day only; over longer periods, compounding can cause its performance to diverge substantially from twice the stock's return, especially in volatile markets.