Tradr 2X Long SMR Daily ETF (SMU)

This instrument is a dangerous trap disguised as a leveraged play. The underlying asset, NuScale Power (SMR), has suffered a catastrophic collapse, dropping from a peak of $2,814 to roughly $13 in less than a year—a loss of nearly 99.5%. Because this is a 2x daily leveraged ETF, the compounding decay has been absolute; the fund has lost virtually all its capital despite the underlying stock technically being 'up' slightly over the full window due to the specific math of daily rebalancing on a near-zero baseline. The recent price action confirms a relentless freefall, trading well below the 50-day and 200-day averages. There is no dividend to provide income, and the options market is screaming 'sell,' with massive put writing and minimal call interest. Even though the underlying company recently opened a training center, the equity structure is effectively worthless, and this leveraged vehicle offers no path to recovery. Avoid this security entirely.