{"success":true,"data":{"pressRelease":{"id":"162021","rtpr_id":"nPnb11f8Da-20261006","ticker":"CPNX","exchange":"CBOE","all_tickers":["CPNX","NXPX","PONX","SMZ","TSEU"],"title":"Tradr Announces Liquidation of CPNX, NXPX, PONX, SMZ & TSEU","author":"PR Newswire","published_at":"2026-10-06T13:15:01.461Z","article_body":"Tradr Announces Liquidation of CPNX, NXPX, PONX, SMZ & TSEU\nPR Newswire\n\nNEW YORK, Oct. 6, 2026\n\nNEW YORK, Oct. 6, 2026/PRNewswire/ -- Tradr ETFs, a provider of ETFs designed\nfor sophisticated investors and professional traders, today announced that a\nplan of liquidation has been approved for the following funds:\n\n * Tradr 2X Long CPNG Daily ETF (Cboe:\nCPNX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3956124995&u=http%3A%2F%2Fwww.tradretfs.com%2Fcpnx&a=CPNX)\n\n)\n * Tradr 2X Long PONY Daily ETF (Cboe:\nPONX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3068789633&u=http%3A%2F%2Fwww.tradretfs.com%2Fponx&a=PONX)\n\n)\n * Tradr 2X Long NXPI Daily ETF (Cboe:\nNXPX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=2826714615&u=http%3A%2F%2Fwww.tradretfs.com%2Fponx&a=NXPX)\n\n)\n * Tradr 2X Short SMR Daily ETF (Cboe:\nSMZ\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3990879619&u=http%3A%2F%2Fwww.tradretfs.com%2Fsmz&a=SMZ)\n\n)\n * Tradr 2X Long TSEM Daily ETF (Cboe:\nTSEU\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=1978989007&u=http%3A%2F%2Fwww.tradretfs.com%2Ftseu&a=TSEU)\n\n)\nEach Fund will allow creation and redemption of units through October 19,\n2026, which will be the last day of trading on the Cboe BZX Exchange. On or\nabout October 26, 2026, each Fund will cease operations, liquidate assets and\nprepare to distribute proceeds to shareholders of record.\n\nFor detailed information on Tradr ETFs and the significant risks involved with\nleveraged ETFs, please visit www.tradretfs.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3183453768&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=www.tradretfs.com)\n.\n\nAbout Tradr ETFs\nTradr ETFs\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=259265241&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=Tradr+ETFs)\n are designed for sophisticated investors and professional traders who are\nlooking to express high conviction investment views. The strategies include\nleveraged and inverse ETFs that seek short or long exposure to actively traded\nstocks and ETFs.\n\nIMPORTANT RISK INFORMATION\n\nTradr ETFs are for sophisticated investors and professional traders with high\nconviction views and are very different from most other ETFs. The Funds are\nintended to be used as short-term trading vehicles and pursue leveraged\ninvestment objectives, which means they are riskier than alternatives that do\nnot use leverage because the Funds magnify the performance of their underlying\nsecurity. The volatility of the underlying security may affect a Fund's return\nas much as, or more than, the return of the underlying security.\n\nInvestors in the fund should: (a) understand the risks associated with the use\nof leverage; (b) understand the consequences of seeking inverse and leveraged\ninvestment results; (c) for short ETFs, understand the risk of shorting; (d)\nintend to actively monitor and manage their investment. Fund performance will\nlikely be significantly different than the benchmark over periods longer than\nthe specified reset period and the performance may trend in the opposite\ndirection than its benchmark over periods other than that period.\n\nLeverage increases the risk of a total loss of an investor's investment, may\nincrease the volatility of the Funds, and may magnify any differences between\nthe performance of the Funds and their reference security. The Funds seek\nleveraged investment results for a specific period (daily, monthly or\nquarterly). The exact exposure of an investment in the Fund intra-period will\ndepend upon the movement of the reference security from the end of the prior\nperiod until the time of investment by the investor.\n\nThe Fund will not attempt to position its portfolio to ensure it does not gain\nor lose more than a maximum percentage of its net asset value on a given\ntrading day. As a consequence, investors in a Fund that seeks two times daily\nperformance would lose all of their money if the Fund's underlying security\nmoves more than 50% in a direction adverse to the Fund on a given trading day.\n\nETFs involve risk including possible loss of the full principal value. There\nis no assurance that the Fund will achieve its investment objective. Principal\nrisks and other important risks may be found in the prospectus. Past\nperformance does not guarantee future results.\n\nETF shares are bought and sold at market price (not NAV) and are not\nindividually redeemed from the ETF. There can be no guarantee that an active\ntrading market for ETF shares will develop or be maintained, or that their\nlisting will continue or remain unchanged. Buying or selling ETF shares on an\nexchange may require the payment of brokerage commissions and frequent trading\nmay incur brokerage costs that detract significantly from investment returns.\n\nInvestors should carefully consider the investment objectives, risks, charges\nand expenses of the Funds. This and other important information about the Fund\nis contained in the Prospectus, which can be obtained by visiting\nwww.tradretfs.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3183453768&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=www.tradretfs.com)\n. The Prospectus should be read carefully before investing.\n\nDistributed by ALPS Distributors, Inc, which is not affiliated with AXS\nInvestments or its Tradr ETFs. AXI001064\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/tradr-announces-liquidation-of-cpnx-nxpx-ponx-smz--tseu-302899476.html\n(https://www.prnewswire.com/news-releases/tradr-announces-liquidation-of-cpnx-nxpx-ponx-smz--tseu-302899476.html)\n\nSOURCE Tradr ETFs\n\n\n\nAndrew Ceccon, aceccon@tradretfs.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1604770/Tradr-ETFs-Logo.jpg?id=OA2988946\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPnb11f8Da-20261006","title":"Tradr Announces Liquidation of CPNX, NXPX, PONX, SMZ & TSEU","author":"PR Newswire","ticker":"CPNX","created":"2026-10-06T13:15:01.461Z","tickers":["CPNX","NXPX","PONX","SMZ","TSEU"],"exchange":"CBOE","article_body":"Tradr Announces Liquidation of CPNX, NXPX, PONX, SMZ & TSEU\nPR Newswire\n\nNEW YORK, Oct. 6, 2026\n\nNEW YORK, Oct. 6, 2026/PRNewswire/ -- Tradr ETFs, a provider of ETFs designed\nfor sophisticated investors and professional traders, today announced that a\nplan of liquidation has been approved for the following funds:\n\n * Tradr 2X Long CPNG Daily ETF (Cboe:\nCPNX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3956124995&u=http%3A%2F%2Fwww.tradretfs.com%2Fcpnx&a=CPNX)\n\n)\n * Tradr 2X Long PONY Daily ETF (Cboe:\nPONX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3068789633&u=http%3A%2F%2Fwww.tradretfs.com%2Fponx&a=PONX)\n\n)\n * Tradr 2X Long NXPI Daily ETF (Cboe:\nNXPX\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=2826714615&u=http%3A%2F%2Fwww.tradretfs.com%2Fponx&a=NXPX)\n\n)\n * Tradr 2X Short SMR Daily ETF (Cboe:\nSMZ\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3990879619&u=http%3A%2F%2Fwww.tradretfs.com%2Fsmz&a=SMZ)\n\n)\n * Tradr 2X Long TSEM Daily ETF (Cboe:\nTSEU\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=1978989007&u=http%3A%2F%2Fwww.tradretfs.com%2Ftseu&a=TSEU)\n\n)\nEach Fund will allow creation and redemption of units through October 19,\n2026, which will be the last day of trading on the Cboe BZX Exchange. On or\nabout October 26, 2026, each Fund will cease operations, liquidate assets and\nprepare to distribute proceeds to shareholders of record.\n\nFor detailed information on Tradr ETFs and the significant risks involved with\nleveraged ETFs, please visit www.tradretfs.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3183453768&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=www.tradretfs.com)\n.\n\nAbout Tradr ETFs\nTradr ETFs\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=259265241&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=Tradr+ETFs)\n are designed for sophisticated investors and professional traders who are\nlooking to express high conviction investment views. The strategies include\nleveraged and inverse ETFs that seek short or long exposure to actively traded\nstocks and ETFs.\n\nIMPORTANT RISK INFORMATION\n\nTradr ETFs are for sophisticated investors and professional traders with high\nconviction views and are very different from most other ETFs. The Funds are\nintended to be used as short-term trading vehicles and pursue leveraged\ninvestment objectives, which means they are riskier than alternatives that do\nnot use leverage because the Funds magnify the performance of their underlying\nsecurity. The volatility of the underlying security may affect a Fund's return\nas much as, or more than, the return of the underlying security.\n\nInvestors in the fund should: (a) understand the risks associated with the use\nof leverage; (b) understand the consequences of seeking inverse and leveraged\ninvestment results; (c) for short ETFs, understand the risk of shorting; (d)\nintend to actively monitor and manage their investment. Fund performance will\nlikely be significantly different than the benchmark over periods longer than\nthe specified reset period and the performance may trend in the opposite\ndirection than its benchmark over periods other than that period.\n\nLeverage increases the risk of a total loss of an investor's investment, may\nincrease the volatility of the Funds, and may magnify any differences between\nthe performance of the Funds and their reference security. The Funds seek\nleveraged investment results for a specific period (daily, monthly or\nquarterly). The exact exposure of an investment in the Fund intra-period will\ndepend upon the movement of the reference security from the end of the prior\nperiod until the time of investment by the investor.\n\nThe Fund will not attempt to position its portfolio to ensure it does not gain\nor lose more than a maximum percentage of its net asset value on a given\ntrading day. As a consequence, investors in a Fund that seeks two times daily\nperformance would lose all of their money if the Fund's underlying security\nmoves more than 50% in a direction adverse to the Fund on a given trading day.\n\nETFs involve risk including possible loss of the full principal value. There\nis no assurance that the Fund will achieve its investment objective. Principal\nrisks and other important risks may be found in the prospectus. Past\nperformance does not guarantee future results.\n\nETF shares are bought and sold at market price (not NAV) and are not\nindividually redeemed from the ETF. There can be no guarantee that an active\ntrading market for ETF shares will develop or be maintained, or that their\nlisting will continue or remain unchanged. Buying or selling ETF shares on an\nexchange may require the payment of brokerage commissions and frequent trading\nmay incur brokerage costs that detract significantly from investment returns.\n\nInvestors should carefully consider the investment objectives, risks, charges\nand expenses of the Funds. This and other important information about the Fund\nis contained in the Prospectus, which can be obtained by visiting\nwww.tradretfs.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4790309-1&h=3183453768&u=http%3A%2F%2Fwww.tradretfs.com%2F&a=www.tradretfs.com)\n. The Prospectus should be read carefully before investing.\n\nDistributed by ALPS Distributors, Inc, which is not affiliated with AXS\nInvestments or its Tradr ETFs. AXI001064\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/tradr-announces-liquidation-of-cpnx-nxpx-ponx-smz--tseu-302899476.html\n(https://www.prnewswire.com/news-releases/tradr-announces-liquidation-of-cpnx-nxpx-ponx-smz--tseu-302899476.html)\n\nSOURCE Tradr ETFs\n\n\n\nAndrew Ceccon, aceccon@tradretfs.com\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1604770/Tradr-ETFs-Logo.jpg?id=OA2988946\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-06T13:15:01.526996724Z","server_sent_at_ms":1791292501526},"received_at":"2026-10-06T13:15:01.579Z","source_url":"https://www.prnewswire.com/news-releases/tradr-announces-liquidation-of-cpnx-nxpx-ponx-smz--tseu-302899476.html"},"analysis":{"id":"150521","press_release_id":"162021","analysis_json":{"industry":{"label":"Capital Markets","sector":"Financials"},"redFlags":["fund is being liquidated — CPNX will cease trading October 19, 2026","leveraged product with elevated tracking and leverage risks if held near closure"],"eventType":"other","narrative":"Tradr ETFs announced an approved plan of liquidation for CPNX, PONX, NXPX, SMZ and TSEU.\n\nOctober 19, 2026 will be the last day of trading on the Cboe BZX Exchange; on or about October 26, 2026 each fund will cease operations and distribute liquidation proceeds to shareholders of record.\n\nFor CPNX holders, the practical implication is forced exit from the 2X long CPNG leveraged position and return of NAV-based proceeds.","sentiment":"bearish","agentHooks":{"shouldPost":false,"suggestedAngle":"CPNX liquidation — shareholders must exit or receive liquidation proceeds by late October."},"keyFigures":{"customDimensions":{"last_trading_day":"October 19, 2026","liquidation_date":"on or about October 26, 2026"}},"quotedText":"","namedEntities":{"people":[{"name":"Andrew Ceccon","role":"media contact"}],"products":["Tradr 2X Long CPNG Daily ETF (CPNX)","Tradr 2X Long PONY Daily ETF (PONX)","Tradr 2X Long NXPI Daily ETF (NXPX)","Tradr 2X Short SMR Daily ETF (SMZ)","Tradr 2X Long TSEM Daily ETF (TSEU)"],"companies":[{"name":"Tradr ETFs","relationship":"fund sponsor"},{"name":"ALPS Distributors, Inc","relationship":"distributor"},{"name":"AXS Investments","relationship":"affiliated party"}],"dollarAmounts":[]},"materialImpact":{"score":2,"reasoning":"The fund CPNX itself is being liquidated — the last trading day is October 19, 2026, and proceeds will be distributed to shareholders. Routine fund closure, low systemic impact but terminal for the filer."},"tickerRelevance":{"others":[{"ticker":"PONX","relevance":"co-liquidating fund"},{"ticker":"NXPX","relevance":"co-liquidating fund"},{"ticker":"SMZ","relevance":"co-liquidating fund"},{"ticker":"TSEU","relevance":"co-liquidating fund"}],"primary":"CPNX"},"globalImportance":10,"audienceRelevance":10,"eventTypeSecondary":["restructuring"],"importanceComponents":{"tickerTier":"micro/leveraged single-stock ETF","eventGravity":"fund liquidation","issuerAuthored":true}},"event_type":"other","event_type_secondary":["restructuring"],"sentiment":"bearish","material_impact_score":2,"narrative":"Tradr ETFs announced an approved plan of liquidation for CPNX, PONX, NXPX, SMZ and TSEU.\n\nOctober 19, 2026 will be the last day of trading on the Cboe BZX Exchange; on or about October 26, 2026 each fund will cease operations and distribute liquidation proceeds to shareholders of record.\n\nFor CPNX holders, the practical implication is forced exit from the 2X long CPNG leveraged position and return of NAV-based proceeds.","key_figures":{"customDimensions":{"last_trading_day":"October 19, 2026","liquidation_date":"on or about October 26, 2026"}},"named_entities":{"people":[{"name":"Andrew Ceccon","role":"media contact"}],"products":["Tradr 2X Long CPNG Daily ETF (CPNX)","Tradr 2X Long PONY Daily ETF (PONX)","Tradr 2X Long NXPI Daily ETF (NXPX)","Tradr 2X Short SMR Daily ETF (SMZ)","Tradr 2X Long TSEM Daily ETF (TSEU)"],"companies":[{"name":"Tradr ETFs","relationship":"fund sponsor"},{"name":"ALPS Distributors, Inc","relationship":"distributor"},{"name":"AXS Investments","relationship":"affiliated party"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T13:15:07.230Z","global_importance":10,"audience_relevance":10,"importance_components":{"tickerTier":"micro/leveraged single-stock ETF","eventGravity":"fund liquidation","issuerAuthored":true}},"durationMs":5613,"modelName":"glm-5.3-flashx"}}