Tradr 2X Long SOXX Monthly ETF
SOXM
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- IPO Date
- Sep 3, 2024
- Similar Companies
- Business
- Tradr 2X Long SOXX Monthly ETF (SOXM) is an actively managed exchange-traded fund that seeks calendar month investment results, before fees and expenses, corresponding to two times (200%) the monthly performance of the iShares Semiconductor ETF (SOXX); it achieves this exposure primarily through swap agreements with major global financial institutions. The fund targets sophisticated investors and traders in the information technology sector, focusing on semiconductors and related equity; its net expense ratio stands at 1.30%, with assets under management of approximately $1.91 million. Launched on September 3, 2024, SOXM trades on Nasdaq and was issued by Tradr ETFs, part of AXS Investments LLC, with headquarters operations in the United States. In a significant operational change announced by the Board of Trustees, SOXM faces liquidation, with creation and redemption of units continuing through February 21, 2025—the final trading day on Nasdaq—followed by asset liquidation and proceeds distribution around February 28, 2025. The fund will transition to all-cash positions at the close of business on February 14, 2025, to meet potential distribution requirements, suspending achievement of its leverage targets during the final trading days. This restructuring aligns with similar plans for related Tradr monthly ETFs like SOX's short counterpart, reflecting strategic portfolio adjustments amid low assets and market dynamics since inception.