Tradr ETFs announced the launch of the Tradr 2X Long UPST Daily ETF (Cboe: UPSX), the first-ever leveraged exchange-traded fund tied to Upstart Holdings. This new ETF aims to deliver twice (200%) the daily performance of Upstart's common stock.
The introduction of UPSX provides sophisticated investors and professional traders with a new tool to express high-conviction views on Upstart's stock. It allows for leveraged exposure without the complexities of margin accounts or options trading.
This launch reflects growing market interest in Upstart as an 'AI-fintech play' disrupting consumer credit. It expands the avenues through which investors can gain exposure to the company, potentially increasing liquidity and visibility for Upstart's shares.
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