Leverage Shares is preparing to launch a single-stock ETF tied to Cerebras Systems Inc (NASDAQ:CBRS) just a day after the stock’s successful Nasdaq debut.
The Leverage Shares 2X Long CBRS Daily ETF (CBRG) seeks two times (200%) leveraged exposure to the performance of the Cerebras stock, while Leverage Shares 2X Short CBRS Daily ETF (SCBR) offers two times inverse exposure to the stock.
Both ETFs have an expense ratio of 0.75% and would allow investors to capitalize on short-term bullish and bearish moves in the stock.
Record Time Launch
In a Thursday post on X, Bloomberg ETF analyst Eric Balchunas said “LeverageShares’ 2x $CBRS launches tmrw, a mere 24hrs after the IPO today.”
He stated that CBRS had a blockbuster IPO, surging 75% in its first trading session and generating a massive volume of $10 billion. The daily volume was more than that of Microsoft Corp (NASDAQ:MSFT).
This post was originally published here
