Tradr ETFs plans to launch two single-stock leveraged ETFs on July 15, according to a press release. The funds will be listed on Cboe and each seeks to deliver -200% of the daily performance of its underlying stock.

The two planned funds are the Tradr 2X Short AAOI Daily ETF (Cboe: AAOZ), which tracks Applied Optoelectronics (Nasdaq: AAOI), and the Tradr 2X Short ORCL Daily ETF (Cboe: ORCZ), which tracks Oracle Corporation (NYSE: ORCL).

Tradr ETFs describes the funds as intended for sophisticated investors and professional traders as short-term trading vehicles. The company notes that investors could lose their entire investment if the underlying security moves more than 50% in a direction adverse to the fund on a single trading day.

The funds are distributed by ALPS Distributors, Inc., which the company states is not affiliated with AXS Investments or its Tradr ETFs brand.