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LITX ETF — Holdings & Analysis

The Tradr 2X Long LITE Daily ETF (LITX) is a leveraged equity ETF with $0.02B in assets under management. Launched on 2026-01-26, LITX seeks to generate daily investment results, before fees and expenses, corresponding to two times (200%) the daily percentage change in the share price of Lumentum Holdings, Inc. (NASDAQ: LITE). This ETF utilizes swap agreements and listed call options, and may directly invest in LITE, offering investors a magnified, short-term exposure to a single stock. However, the high expense ratio of 1.49% reflects the complexities of maintaining this leveraged strategy.

Tradr 2X Long LITE Daily ETF (LITX) ETF — Price, Holdings & Analysis

The Tradr 2X Long LITE Daily ETF (LITX) is a leveraged equity ETF with $0.02B in assets under management. Launched on 2026-01-26, LITX seeks to generate daily investment results, before fees and expenses, corresponding to two times (200%) the daily percentage change in the share price of Lumentum Holdings, Inc. (NASDAQ: LITE). This ETF utilizes swap agreements and listed call options, and may directly invest in LITE, offering investors a magnified, short-term exposure to a single stock. However, the high expense ratio of 1.49% reflects the complexities of maintaining this leveraged strategy.

ETF Overview

LITX uses swap agreements and listed call options to make bullish bets on the share price of Lumentum Holdings, Inc. (NASDAQ: LITE). The fund may also invest directly in LITE. The company engages in the provision of optical and photonic products, operating through the Cloud and Networking, and Industrial Tech segments. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in LITE price through daily rebalancing. Returns may deviate from the expected 200% if held for longer than a single day due to factors such as volatility and compounding. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
LITX provides a leveraged exposure to the daily price movements of Lumentum Holdings, Inc. (LITE). The fund aims to deliver 200% of LITE's daily performance through a combination of swap agreements, listed call options, and potential direct investment in LITE. This strategy is designed for sophisticated investors seeking short-term, amplified gains or hedging opportunities related to Lumentum Holdings. LITX rebalances daily to maintain its 2x leverage target, which can lead to deviations from the expected 200% return over longer holding periods due to compounding and volatility. The fund also invests in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral. Given its concentrated exposure and leveraged nature, LITX is not suitable for all investors and is intended for those with a high-risk tolerance and a short-term investment horizon.

Risk Metrics

LITX carries significant risks due to its leveraged nature and concentrated holdings. The fund's objective of achieving 200% of the daily performance of Lumentum Holdings (LITE) amplifies both gains and losses. The 1.49% expense ratio is substantially higher than the average equity ETF, creating a significant drag on performance, especially over longer periods. As a leveraged ETF that resets daily, LITX is subject to the effects of compounding, which can lead to returns that deviate significantly from the stated 2x leverage target, particularly in volatile markets. The fund's entire country exposure is to 'Other' at 100%, reflecting its focus on a single U.S.-listed company. Investors should carefully consider these risks before investing in LITX, understanding that it is designed for short-term tactical trading rather than long-term investment.

Expense Ratio

1.49%

Sector Allocation

  • Other: 100.0%

Dividend Yield

0.00%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is LITX and what does it track?

The Tradr 2X Long LITE Daily ETF (LITX) is a leveraged exchange-traded fund designed to provide investors with two times (200%) the daily percentage change in the price of Lumentum Holdings, Inc. (NASDAQ: LITE). LITX uses a combination of swap agreements, listed call options, and direct investment in LITE to achieve its leveraged exposure. The fund rebalances daily to maintain its 2x leverage target. With approximately $0.02B in assets under management, LITX is designed for investors seeking short-term, amplified exposure to Lumentum Holdings.

What is the expense ratio for LITX?

The expense ratio for LITX is 1.49%. This means that for every $10,000 invested in the fund, $149 is deducted annually to cover operating expenses. The expense ratio is significantly higher than the average expense ratio for equity ETFs, which is around 0.44%. This higher cost reflects the complexities and active management required to maintain the fund's leveraged exposure and daily rebalancing strategy.

What are the top holdings in LITX?

As a leveraged ETF, LITX's primary exposure is to Lumentum Holdings, Inc. (NASDAQ: LITE). While the fund uses derivatives like swap agreements and call options to achieve its 2x leverage, it may also hold LITE directly. Additionally, LITX invests in collateral assets such as US Government securities, money market funds, short-term bond ETFs, and corporate debt. Due to the fund's structure, a detailed breakdown of specific holdings and their exact weights is not readily available, but Lumentum Holdings represents the core economic exposure.

Is LITX a good long-term investment?

LITX is generally not considered a suitable long-term investment due to its leveraged nature and daily rebalancing. The fund is designed to provide two times the daily percentage change in the price of Lumentum Holdings (LITE), which means that returns over longer periods can deviate significantly from the expected 2x multiple due to compounding and volatility. The high expense ratio of 1.49% also erodes long-term returns. Past performance does not guarantee future results, and the fund's structure is best suited for short-term tactical trading.

How does LITX compare to similar ETFs?

LITX is unique in its approach of providing leveraged exposure to a single stock, Lumentum Holdings (LITE). While other leveraged ETFs exist, they typically focus on broader market indexes or sectors. LITX's expense ratio of 1.49% is higher than many other leveraged ETFs, reflecting the specialized nature of its strategy. With AUM of $0.02B, LITX is relatively small compared to more established leveraged ETFs. Its strategy is more targeted than broad-based leveraged funds, making it a niche product for investors with specific views on Lumentum Holdings.

Does LITX pay dividends?

According to the available data, LITX has a dividend yield of 0.00%. This indicates that the fund does not currently distribute any dividends to its shareholders. The fund's focus is on providing leveraged exposure to the price movements of Lumentum Holdings, and it does not prioritize dividend income. Investors seeking dividend income should consider other ETFs with a focus on dividend-paying stocks.