- What does FLYT invest in?
- The Tradr 2X Long FLY Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the common shares of Firefly Aerospace, Inc.
- What is the expense ratio of FLYT?
- Tradr 2X Long FLY Daily ETF (FLYT) charges an expense ratio of 1.30%. This is the annual fee deducted from fund assets to cover management and operations.
- Is FLYT a good long-term hold?
- FLYT is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
- How does FLYT's daily reset work?
- FLYT rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
- How big is FLYT?
- Tradr 2X Long FLY Daily ETF (FLYT) manages $9.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is FLYT actively managed or an index fund?
- FLYT's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
