Tradr files 22 single-stock 2x ETFs while closing seven
Sixteen would seek twice a stock's daily move and six would seek twice the inverse, at a proposed fee of 1.49%, and none can be sold yet.
Key takeaways
Investment Managers Series Trust II filed on Thursday, Oct. 29, 2026, to register 22 new Tradr exchange-traded funds, in the same month Tradr stopped trading in five single-stock funds and set Nov. 5, 2026, as the last day for two more.
The existing Tradr funds are series of that trust. AXS Investments launched the Tradr brand in May 2024 and advises the lineup, and it would advise these series too.
The filing is marked subject to completion. It says the shares cannot be sold until the registration is effective. The trust proposed that step 75 days after the Oct. 29 filing, which is Jan. 12, 2027. That is a proposed effective date, not a launch date.
Tickers are blank. The letters in the proposed names, such as AMAT or ABVX, are the stocks' tickers, not the funds'. The exchange named for a listing is Cboe BZX Exchange.
Each fund would seek a result for a single trading day, not for any other period. Sixteen would seek 200% of one stock's daily performance, before fees and expenses. Six would seek twice the inverse. They would use swaps, listed options, the stock itself, or a mix.
The filing warns that if the stock moves more than 50% in one day against the fund, investors would lose all of their money. For a short, that move is a gain of more than 50% in the stock.
The fee table is the same for every fund. Management fees are 1.49%, distribution and service fees are zero, and other expenses are estimated at zero, so total annual fund operating expenses are 1.49%.
Six shorts on stocks rivals already cover
The six shorts would target Applied Materials, Lam Research, Broadcom, Qualcomm, Intel and Snowflake. A fund that seeks twice the stock's daily move already trades on each of them.
Tradr already runs Tradr 2X Long LRCX Daily ETF LRCU on Lam Research. An Aug. 4, 2026 fee filing puts that fund's expense ratio at 1.3%, below the 1.49% proposed for the new series.
Leverage Shares 2X Long AMAT Daily ETF AMAU, a series of Themes ETF Trust, seeks twice Applied Materials' daily move. Direxion Daily AVGO Bull 2X ETF AVL, Direxion Daily QCOM Bull 2X ETF QCMU and Direxion Daily INTC Bull 2X ETF LINT seek the same for Broadcom, Qualcomm and Intel. T-REX 2X Long SNOW Daily Target ETF SNOU, a series of ETF Opportunities Trust, seeks the same for Snowflake.
Net assets of 2x longs already trading on Tradr's six short-list stocks
Two of the six already have a milder short. Direxion Daily AVGO Bear 1X ETF AVS seeks the inverse of Broadcom's one-day move, not twice the inverse. Direxion Daily QCOM Bear 1X ETF QCMD does the same for Qualcomm.
A later section, headed Additional Information Regarding the Funds' Investment Objectives, describes each of the six proposed shorts as seeking two times (200%) the stock's daily performance, with no mention of inverse. The summaries say two times the inverse (-200%).
The sixteen longs
The longs would target Booking Holdings, Cummins, Quanta Services, MasTec, Illumina, Skyworks Solutions, Silicon Motion, Allegro MicroSystems, GitLab, Fastly, Digital Turbine, Abivax, Accelevation, SharonAI, X-Energy and Everpure. GraniteShares already has a 2x long on Everpure, GraniteShares 2x Long P Daily ETF PUL, launched in July 2026.
Funds Tradr is liquidating
An Oct. 6 notice set Oct. 19, 2026, as the last trading day for Tradr 2X Long CPNG Daily ETF CPNX, Tradr 2X Long PONY Daily ETF PONX, Tradr 2X Long NXPI Daily ETF NXPX, Tradr 2X Short SMR Daily ETF SMZ and Tradr 2X Long TSEM Daily ETF TSEU, with liquidation on or about Oct. 26, 2026. An Oct. 23 notice set Nov. 5, 2026, as the last trading day for Tradr 2X Long SK hynix Daily ETF SKHA and Tradr 2X Short SK hynix Daily ETF SKHN, with liquidation on or about Nov. 12, 2026.
The new filing comes two months after Morningstar analyst Daniel Sotiroff, in an Aug. 30 Yahoo Finance article, called the market for this kind of product saturated.
"There's only so much money out there chasing this kind of product," he said.
Want more of our stories in Google’s Top Stories? Add etf.net as a preferred source on Google
