Core Viewpoint - Tradr ETFs has launched the Tradr 1X Short Innovation 100 Monthly ETF (BATS:SMQ), the first ETF providing inverse (-100%) monthly-reset exposure to the Invesco QQQ (NASDAQ:QQQ), aimed at active market participants [1]. Group 1: Product Features - The SMQ ETF allows traders to express medium-term bearish views on the QQQ benchmark without the complications associated with traditional daily-reset leveraged products [2]. - Unlike daily-reset leveraged ETFs, the SMQ is designed to return the opposite of QQQ's performance over a full calendar month, making it a counterpart to Tradr's existing bullish product, the Tradr 2X Long Innovation 100 Monthly ETF (NASDAQ:MQQQ) [3]. - The monthly-reset mechanism minimizes distortions and is more suitable for traders focusing on multi-week themes and macro catalysts [5]. Group 2: Market Position and Strategy - Tradr ETFs is expanding aggressively in the leveraged ETF space, having pioneered the first single-stock leveraged ETFs in 2022 for companies like Tesla and Nvidia, and now manages 54 leveraged ETFs with nearly $2 billion in assets [6]. - The company claims its products offer a simplified solution compared to margin accounts or options strategies, providing precise directional exposure through conventional brokerage platforms [7]. - With the introduction of SMQ, Tradr aims to cater to sophisticated investors seeking leverage without the drag associated with daily reset products [7].

Core Viewpoint - Tradr ETFs has launched the Tradr 1X Short Innovation 100 Monthly ETF (Cboe: SMQ), which aims to provide inverse exposure to the monthly performance of the Invesco QQQ, marking a significant innovation in the leveraged ETF market [1][3]. Group 1: Product Launch and Features - The SMQ ETF seeks to deliver results that correspond to -100% of the calendar month performance of the Invesco QQQ, providing traders with a new tool for expressing bearish views over a longer timeframe compared to traditional daily-reset leveraged ETFs [1][3]. - SMQ complements Tradr's existing product, the Tradr 2X Long Innovation 100 Monthly ETF (Nasdaq: MQQQ), creating a unique pair of leveraged ETFs that support both bullish and bearish market perspectives [2]. - The monthly-reset design of SMQ aims to mitigate issues related to path dependency and compounding that are common in daily-reset leveraged strategies, making it more suitable for traders focused on multi-week themes and macro catalysts [3]. Group 2: Company Background and Growth - Tradr ETFs has expanded its offerings to 54 leveraged ETFs, managing nearly $2 billion in assets, and has pioneered the launch of leveraged ETFs on single stocks, starting with TSLQ for Tesla and NVDS for Nvidia in 2022 [4]. - The firm aims to provide sophisticated investors with innovative trading tools that enhance their ability to express market views with precision and efficiency, allowing them to avoid the complexities of margin and options trading [4].