Tradr ETFs will launch the Tradr 2X Long TSEM Daily ETF (TSEU) on July 1. This single-stock leveraged fund aims to deliver twice the daily performance of Tower Semiconductor.
The product targets sophisticated investors and professional traders making high-conviction bets.
Tower Semiconductor shares fell 7.2% in pre-market trading on June 26. The stock led a sector-wide decline of over 6% among optical networking and semiconductor firms.
Investors are currently reassessing the sector following a recent rally and a lack of immediate catalysts.