AXT Inc (AXTI) makes semiconductor substrate wafers: indium phosphide, gallium arsenide, germanium. For most of the company's life that was a slow, cyclical business almost nobody traded. Then AI data centers started eating optical transceivers, indium phosphide got scarce, and a small-cap materials supplier turned into an AI infrastructure stock. Record InP revenue and multi-year supply deals with optics customers made it one of 2026's biggest movers. It still moves hard on earnings and wafer pricing, and on anything to do with Chinese export permits, since most of the manufacturing happens in China.
Volatility like that is what issuers build leveraged products around. Five funds trade on AXTI now: four 2x daily longs from four different fund families, and one 2x short.
For the wider trade rather than the single name, see our lists of leveraged photonics ETFs and leveraged semiconductor ETFs.
Quick Overview
| Ticker | Fund Name | Leverage | Direction | Expense Ratio | AUM |
|---|---|---|---|---|---|
| Long | |||||
| AXTX | Tradr 2X Long AXTI Daily ETF | 2x | Long | 1.49% | $142.1M |
| AXTU | T-REX 2X Long AXTI Daily Target ETF | 2x | Long | 1.50% | $18.0M |
| AXTL | Leverage Shares 2X Long AXTI Daily ETF | 2x | Long | 0.99% | $6.4M |
| AXTC | Corgi AXTI 2x Daily ETF | 2x | Long | 0.45% | $1.1M |
| Short (Inverse) | |||||
| AXTQ | Tradr 2X Short AXTI Daily ETF | 2x | Short | 1.49% | $7.5M |
AXTX
Tradr 2X Long AXTI Daily ETF
AXTU
T-REX 2X Long AXTI Daily Target ETF
AXTL
Leverage Shares 2X Long AXTI Daily ETF
AXTC
Corgi AXTI 2x Daily ETF
AXTQ
Tradr 2X Short AXTI Daily ETF
Risk Warning: Leveraged and inverse ETFs are complex financial instruments that may not be suitable for all investors. Past performance does not guarantee future results. Please consult with a financial advisor before making investment decisions.