Tradr Announces Reverse Splits for 13 Leveraged ETFs

Tradr ETFs will implement reverse share splits across 13 leveraged single-stock ETFs, effective after market close on December 1, 2026, with split-adjusted trading beginning December 2 on Cboe BZX. Approved by the board following a recommendation from AXS Investments, the consolidations range from 1-for-12 to 1-for-40. Five funds tracking APLD, ASTS, FLY, IREN and QNT will undergo 1-for-12 splits, while CLSK and OPEN will see 1-for-14 splits. Another five funds covering AAOI, CBRS, TTMI, USAR and one additional strategy will undergo 1-for-16 splits, while XNDU faces the largest adjustment at 1-for-40. The splits will reduce shares outstanding while proportionally increasing NAV per share, leaving investors' total holdings unchanged except for fractional-share cash settlements, which may have tax implications.