ETF filings: Tradr seeks 12 new 2X single-stock leveraged ETFs
An August 5, 2026 485APOS from Investment Managers Series Trust II seeks 12 Tradr 2X daily single-stock ETFs on Cboe BZX, each with a 1.49% management fee.
The news: In a batch of ETF filings dated August 5, 2026, Investment Managers Series Trust II filed Post-Effective Amendment No. 614 to register 12 leveraged single-stock ETFs under the Tradr brand. The funds would list on Cboe BZX Exchange, and AXS Investments, LLC is the adviser. Each fund seeks daily investment results that correspond to two times (200%) the daily performance of a single underlying stock. The funds may use swaps, options and direct stock investments to get that exposure and rebalance daily. The prospectus says they are designed for short-term trading by sophisticated investors.
By the numbers:
- Funds: 12, each named Tradr 2X Long [ticker] Daily ETF.
- Tickers referenced in the fund names: FCEL, FIX, FRVO, IQMX, NASA, NXT, QTUM, QXO, SANM, SATL, SECZ and VISN.
- Examples named in the prospectus: FuelCell Energy, Inc. (FCEL) and Comfort Systems USA, Inc. (FIX).
- Management fee: 1.49% per fund.
- Effectiveness: 75 days after filing under Rule 485(a)(2).
Why it matters: Single-stock leveraged ETFs reset daily, so returns over longer periods can differ sharply from twice the stock’s return. The prospectus warns that an investor could lose the full principal value within a single trading day if the underlying security falls more than 50% in one day. That risk is structural to a 2X daily product on one company. The 1.49% management fee is also high relative to unleveraged index funds, reflecting the cost of maintaining swap and options exposure and the short-term trading use the funds are designed for.
The big picture: Issuers have kept extending leveraged single-stock coverage beyond the largest technology names toward smaller and more thematic companies. A 12-fund filing aimed at a varied list of underlying stocks is consistent with that pattern of filing broadly and launching where trading demand appears. Filing does not guarantee launch; sponsors often register more funds than they ultimately bring to market.
What’s next: Under the 75-day timeline, the registrations could become effective in mid-to-late October absent delays. Watch for which of the 12 funds actually launch, their trading volumes, and whether regulators or exchanges raise questions about leveraged exposure to smaller underlying companies.
Prepared with AI assistance from public sources and reviewed under our editorial policy. Not investment advice.