Tradr 2X Long SPY Quarterly ETF (SPYQ)

The Tradr 2X Long SPY Quarterly ETF is a leveraged exchange-traded fund from Tradr ETFs that seeks to deliver twice the performance of the SPDR S&P 500 ETF Trust (SPY), which tracks the S&P 500 Index. Unlike most leveraged funds, it resets its leverage on a quarterly basis rather than daily.

With a quarterly reset, the fund aims to provide 2X exposure over each calendar quarter, so the effective leverage drifts as the market moves between reset dates. It obtains its exposure mainly through swaps and options. Returns over periods other than the quarterly reset window can differ from twice the return of SPY. The fund is listed on the Nasdaq.