Tradr 2X Short SMR Daily ETF (SMZ)

Tradr 2X Short SMR Daily ETF (SMZ) seeks daily investment results, before fees and expenses, equal to two times the inverse (opposite) of the daily performance of the common stock of NuScale Power Corporation. It is a single-stock inverse fund sponsored by Tradr ETFs, and it targets the return of one trading day only.

The fund obtains its exposure mainly through swap agreements and other derivatives on the underlying shares rather than simply holding the stock, keeping the remaining assets in cash and short-term instruments as collateral. Because the multiple applies to each day separately, results over periods longer than one day can differ meaningfully from two times the stock's inverse return over the same period.

The underlying company: NuScale Power develops small modular nuclear reactor technology intended to provide scalable, carbon-free electricity and process heat.