🟢 Ouster is trading 4.7% up today after launch of 2X leveraged long ETF

Ouster is trading 4.7% up today at $41.91 after Defiance ETFs launched the Daily Target 2X Long OUST ETF (ticker: OUSL), which offers leveraged bullish exposure to the stock.

• The new product appears to be driving fresh speculative interest and helping shares rebound following recent profit-taking and sharp declines earlier in July.
• The move is primarily company-specific, as the broader technology sector is trading lower today.