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CWVX −15.14% on Nov 12 · Analysis updated Nov 12, 2026, 11:46 AM ET
Why is Tradr 2X Long CRWV Daily ETF (CWVX) stock down?
CWVX is a leveraged ETF that seeks 2x the daily move of CoreWeave (CRWV), so it is driven almost entirely by CRWV swings. CRWV jumped 24.71% to $60.77 on Nov 11 after upbeat quarterly results, and CWVX closed up about 50% that day at $6.01. Today CRWV is down more than 6% in premarket, tied to reports that Nvidia's board is reviewing CEO Jensen Huang's future. CWVX has given back part of the gain and sits near $5.10 against an open of $3.99. The ETF is extremely volatile: it moved from $7.36 on Oct 28 to a low of $2.75 on Nov 5, and volume spiked to over 13M shares. Daily-reset leveraged products also lose value over time in choppy markets, which explains a one-year return of about -92%. The CRWV story has real positives, including strong AI demand and improving financing options. Against that, spending concerns and a large debt load weigh on it, CRWV remains well below its 50-day and 200-day averages, and the leveraged structure keeps the downside decay risk high.
News behind the analysis
- CoreWeave Stock Is Falling Thursday: What's Going On?CoreWeave fell more than 6% in premarket on Nov 12, giving back part of Wednesday's 24.71% surge that followed upbeat quarterly results. Analysts weighed strong AI demand against heavy spending concerns.
- CRWV Stock Price and Chart — TradingViewCoreWeave surged 24.71% to $60.77 on Nov 11, then fell after hours amid reports that Nvidia's board was reviewing CEO Jensen Huang's future. Headlines also cite a raised outlook and demand above capacity.
- CoreWeave Inc Stock Price TodayCRWV closed at $60.77 on Nov 11, up from a previous close of $48.73, on about 152.71M shares.
- CoreWeave - CRWV - Stock Price & NewsCRWV closed at $48.73 on Nov 10. It is down 41% over one month and has a 52-week range of $40.58 to $138.25. The next earnings date is estimated for Feb 25, 2027.
- Tradr 2X Long CRWV Daily ETF (CWVX) on RobinhoodCWVX traded between $4.85 and $6.20 on Nov 12 on 11.91M shares, against an average volume of 7.46M. Its 52-week range is $2.75 to $56.96.
- CWVX ETF Stock Price & OverviewThe fund seeks 2x daily exposure to CoreWeave. It had a total return of about -93.8% over the past year.
- CWVX Stock QuoteCWVX is a micro-cap fund with a beta of 5.85. Its price return over the past year was -91%, and it seeks 200% of CRWV's performance for a single day only.