Tradr 1X Short Innovation 100 Monthly ETFA (SMQ)Trading--Inverse Equity | Exchange Traded Fund | Cboe US
39.23 USD
|
Hot Take ↕ | July 11, 2026, 5:53 a.m. EDT
This instrument is a leveraged inverse ETF designed to profit from the decline of technology innovation indices, yet the underlying tech sector has been resilient, causing this fund to suffer a severe structural decline. The price action confirms this distress: the asset is trading at its 52-week low of $39.10, having lost nearly 30% of its value over the last year relative to its moving averages. The lack of any price history beyond the current session indicates the fund likely reset or delisted recently, leaving investors with a fresh loss. While the statistical model shows a flat prediction for the next 45 days, this is a dangerous signal for a leveraged product; it implies the market expects the underlying tech rally to persist, which would cause this inverse fund to continue bleeding value. With no dividends to offset losses and a balance sheet eroding daily, there is no case for holding. The only logical play is a short position on the fund itself, betting that the tech sector will not crash hard enough to generate the massive daily gains required to recover the principal. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.152395 |
| AutoETS | 0.152395 |
| MSTL | 0.154486 |
| AutoTheta | 0.163156 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 46% |
| H-stat | 12.45 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.215 |
| Excess Kurtosis | -0.92 |
As of July 11, 2026, 5:53 a.m. EDT: Speculator positioning is negligible and fragmented. There is virtually no open interest or volume in standard expirations. A tiny amount of out-of-the-money call volume exists for the December expiration, while in-the-money put volume appears for the July expiration, suggesting a lack of unified directional conviction or significant hedging activity.
| Attribute | Value |
|---|---|
| All Time High | 55.4876 |
| All Time Low | 39.1 |
| Ask | 39.3 |
| Ask Size | 200 |
| Average Daily Volume10 Day | 3,424 |
| Average Daily Volume3 Month | 637 |
| Average Volume | 637 |
| Average Volume10Days | 3,424 |
| Beta3 Year | 0.0 |
| Bid | 0.0 |
| Bid Size | 5,300 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 39.55 |
| Day Low | 39.15 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 44.593628 |
| Fifty Day Average Change | -5.3686295 |
| Fifty Day Average Change Percent | -0.12039006 |
| Fifty Two Week Change Percent | -21.800238 |
| Fifty Two Week High | 55.4876 |
| Fifty Two Week High Change | -16.2626 |
| Fifty Two Week High Change Percent | -0.2930853 |
| Fifty Two Week Low | 39.1 |
| Fifty Two Week Low Change | 0.125 |
| Fifty Two Week Low Change Percent | 0.003196931 |
| Fifty Two Week Range | 39.1 - 55.4876 |
| First Trade Date Milliseconds | 1,781,184,600,000 |
| Full Exchange Name | Cboe US |
| Fund Family | AXS |
| Fund Inception Date | 1,764,288,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide inverse exposure to the calendar month performance of the Invesco QQQ Trust. The fund is an actively-managed ETF that seeks to achieve on a calendar month basis, before fees and expenses, -100% performance of the Invesco QQQ Trust for a full calendar month, and not for any other period, by entering into one or more swaps on the Invesco QQQ Trust. |
| Long Name | Tradr 1X Short Innovation 100 Monthly ETFA |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1969648478 |
| Nav Price | 39.13 |
| Net Assets | 202,973.0 |
| Net Expense Ratio | 1.5 |
| Open | 39.335 |
| Phone | (414) 299-2295 |
| Previous Close | 39.225 |
| Price Hint | 2 |
| Quote Source Name | Delayed Quote |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.0 |
| Regular Market Change Percent | 0.0 |
| Regular Market Day High | 39.55 |
| Regular Market Day Low | 39.15 |
| Regular Market Day Range | 39.15 - 39.55 |
| Regular Market Open | 39.335 |
| Regular Market Previous Close | 39.225 |
| Regular Market Price | 39.225 |
| Regular Market Time | 1,781,187,443 |
| Regular Market Volume | 4,253 |
| Short Name | Tradr 1X Short Innovation 100 M |
| Source Interval | 15 |
| Symbol | SMQ |
| Total Assets | 202,973 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -20.90803 |
| Trailing Three Month Returns | -20.90803 |
| Triggerable | 1 |
| Two Hundred Day Average | 48.83749 |
| Two Hundred Day Average Change | -9.612492 |
| Two Hundred Day Average Change Percent | -0.19682607 |
| Type Disp | ETF |
| Volume | 4,253 |
| Ytd Return | -19.46429 |