Trading--Inverse Equity · BATS · USD · Data as of 2026-07-30
AUM
$4.84M
Expense ratio
1.49%
Yield
—
YTD return
—
Last price
$40.13
Leveraged · Coverage 25% · low
Today
43.2
Outlook
33.9
Block A (composite-derived)
15.0
Block C (market behavior)
47.5
Today overlay (Block D)
0.0
Outlook overlay (Block D)
0.0
today_score = clip(0,100, 50 + 0.15·(A−50) + 0.60·(C−50) + D_today). Block B (holdings rollup) is in Phase 3 development; β=0 caps the natural range at ~12.5–87.5 in Preview v0.9. Formula version tide-etf-v1.0.0.
15.0
Coverage 25% · low
Liquidity
5.0
Expenses
25.0
Performance
—
Volatility
—
Dividend
—
Concentration
—
Smart Money
—
Activist
—
Formula version composite-v1.0.0. Axes hover to see why a sub-score is missing.
Editorial coverage for APLZ is coming soon — copy is rolling out to the broader universe ETF-by-ETF in 2026Q2.
The Tradr 2X Short APLD Daily ETF is a leveraged exchange-traded fund designed to provide sophisticated traders with inverse exposure to Applied Digital Corporation stock. It seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-200%) of APLD's daily performance, meaning it aims to deliver positive returns when APLD declines and vice versa. This short-term trading vehicle uses derivatives like swaps and options to achieve its leveraged objective, magnifying both gains and losses based on the underlying stock's volatility. Concentrated in the technology and data center sector tied to APLD, the ETF carries elevated risks including compounding effects over multiple days, where performance may diverge significantly—or even move oppositely—from the target exposure, potential total loss if APLD surges over 50% in a single day, and counterparty risks from derivatives. Launched as part of Tradr ETFs' expanding lineup of single-stock leveraged products, it facilitates bearish strategies or hedging without margin or options complexities, appealing to active investors who monitor positions daily. With Tradr's portfolio now exceeding 60 funds and $2 billion in assets, this ETF underscores demand for precision tools in volatile markets.
30-day change
-$1.76M
90-day change
—
Current AUM: $4,840,642. AUM change is computed from rolling daily fundamentals snapshots; it reflects total net-asset deltas (creations/redemptions + market value moves), not pure share creations.
Fund documents (fact sheets, prospectuses, semi-annual reports) for APLZ are coming soon. The BW fund-document archive will surface PDFs alongside a metadata index for searchability.