Tradr ETFs announced the expected launch of two first-to-market leveraged single-stock ETFs, including one on Astera Labs Inc. (Nasdaq: ALAB), set to trade on Tuesday, August 12. The new fund, LABX, aims to deliver twice (200%) the daily performance of Astera Labs' underlying stock.
Matt Markiewicz, Tradr's Head of Product and Capital Markets, stated that Astera Labs represents a compelling growth narrative within the AI theme. This launch expands Tradr's leveraged ETF lineup to 21 funds, catering to sophisticated investors and professional traders seeking high conviction investment views.
The introduction of such a product highlights the significant market interest in Astera Labs and its role in the AI sector. While these ETFs are designed for short-term trading and carry magnified risks due to leverage, their existence reflects a strong bullish sentiment among a segment of the investment community regarding ALAB's future prospects.
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