Tradr 2X Long UPST Daily ETF (UPSX)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
22.75 USD
-2.23
(-8.927%) ⇩
(April 21, 2026, 4 p.m.
EDT)
After hours: 23.49 +0.74 (3.251%) ⇧ (April 21, 2026, 4:49 p.m. EDT) Short-term: ★★★★★ | Long-term: ☆☆☆☆☆ | Dividends: ☆☆☆☆☆ |
Hot Take | April 19, 2026, 12:13 a.m. EDT
While the underlying price action (from ~13 to ~24 in 2 weeks) mimics a massive leveraged bull run, the liquidity data is a distorted reality warping the fundamental beta; the put-heavy flow indicates that the '2X Long UPST' structure is exposing holders to catastrophic event risk if the massive underlying illiquidity squeezes (a ~43% gap). The model predicts a -2.98% drift, but the volume rush suggests the market is coiling for a higher order of magnitude volatility event irrespective of direction. Long-term fatal: Tradr cannot sustain a 'leveraged ETF' on an illiquid biotech like UPST; the turnover costs and creation/redemption mismatches will likely cause the fund to track value far below the leveraged benchmark, turning a 'top pick' into a slow bleed. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.935773 |
| AutoARIMA | 0.940498 |
| AutoETS | 0.940501 |
| AutoTheta | 1.033720 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 38% |
| H-stat | 3.26 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.014 |
| Excess Kurtosis | 0.10 |
As of April 19, 2026, 12:13 a.m. EDT: Options flow shows extreme divergence between call and put positioning. Despite the theoretical impossibility of liquid OTM options due to the underlying's high volatility, put buyers are aggressively accumulating deep out-of-the-money strikes (~43% down) with massive open interest, specifically at the 2026-06-18 expiry. This creates an 'iron condor' style dynamic where speculators are pricing in potential tail risks (long straddle moves downwards or extreme volatility expansion). In contrast, call activity is sporadic; while there is some volume near the 50% down mark, the heavy put flow (460 trades vs 97 call trades) suggests a prevalence of asymmetric risk selling or a 'double down on crash' narrative, even if the underlying is currently in a short-term momentum upswing.
| Attribute | Value |
|---|---|
| All Time High | 266.9 |
| All Time Low | 12.27 |
| Ask | 23.31 |
| Ask Size | 800 |
| Average Daily Volume10 Day | 86,390 |
| Average Daily Volume3 Month | 91,070 |
| Average Volume | 91,070 |
| Average Volume10Days | 86,390 |
| Beta3 Year | 0.0 |
| Bid | 22.55 |
| Bid Size | 100 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 26.47 |
| Day Low | 22.2301 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 18.7388 |
| Fifty Day Average Change | 4.0112 |
| Fifty Day Average Change Percent | 0.21405853 |
| Fifty Two Week Change Percent | -80.19032 |
| Fifty Two Week High | 266.9 |
| Fifty Two Week High Change | -244.15 |
| Fifty Two Week High Change Percent | -0.9147621 |
| Fifty Two Week Low | 12.27 |
| Fifty Two Week Low Change | 10.48 |
| Fifty Two Week Low Change Percent | 0.85411566 |
| Fifty Two Week Range | 12.27 - 266.9 |
| First Trade Date Milliseconds | 1,749,562,200,000 |
| Full Exchange Name | Cboe US |
| Fund Family | AXS |
| Fund Inception Date | 1,749,427,200 |
| 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 two times leveraged exposure to the daily performance of UPST. The fund is non-diversified. |
| Long Name | Tradr 2X Long UPST Daily ETF |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_1943657319 |
| Nav Price | 25.07 |
| Net Assets | 20,720,320.0 |
| Net Expense Ratio | 1.3 |
| Open | 25.26 |
| Phone | (414) 299-2295 |
| Post Market Change | 0.73950005 |
| Post Market Change Percent | 3.2505496 |
| Post Market Price | 23.4895 |
| Post Market Time | 1,776,804,548 |
| Previous Close | 24.98 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.23 |
| Regular Market Change Percent | -8.92714 |
| Regular Market Day High | 26.47 |
| Regular Market Day Low | 22.2301 |
| Regular Market Day Range | 22.2301 - 26.47 |
| Regular Market Open | 25.26 |
| Regular Market Previous Close | 24.98 |
| Regular Market Price | 22.75 |
| Regular Market Time | 1,776,801,600 |
| Regular Market Volume | 99,479 |
| Short Name | Tradr 2X Long UPST Daily ETF |
| Source Interval | 15 |
| Symbol | UPSX |
| Total Assets | 20,720,320 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -71.80004 |
| Trailing Three Month Returns | -71.80004 |
| Triggerable | 1 |
| Two Hundred Day Average | 82.270325 |
| Two Hundred Day Average Change | -59.520325 |
| Two Hundred Day Average Change Percent | -0.7234726 |
| Type Disp | ETF |
| Volume | 99,479 |
| Ytd Return | -71.80004 |