The team at a fund firm near New York City is launching a new fund family, starting with a $314-million-AUM quartet of their existing ETFs. Watch for them to further update three of those funds this summer.

Gregory David "Greg" Bassuk AXS Investments LLC Chairman, CEO

On Tuesday, Greg Bassuk, CEO of AXS Investments [profile], unveiled the launch of Tradr ETFs. The next day, four AXS ETFs rebranded to become Tradr's first offerings: the AXS 2X Long Innovation ETF (TARK) became the Tradr 2X Long Innovation ETF, the AXS 1.25X NVDA Bear Daily ETF (NVDS) became the Tradr 1.25X NVDA Bear Daily ETF, the AXS Short Innovation Daily ETF (SARK) became the Tradr Short Innovation Daily ETF, and the AXS TSLA Bear Daily ETF (TSLQ) became the Tradr TSLA Bear Daily ETF. (All four funds' tickers remain unchanged.)

"We've paid close attention to the changing demands of the trading community and launched the Tradr ETFs brand to better serve them with sharper tools to executive their investment views," Bassuk states.

As TSLQ, SARK, NVDS, and TARK's new names launched on Wednesday, Matt Markiewicz, head of product and capital markets at Tradr ETFs, revealed plans to further tweak NVDS, SARK, and TSLQ this summer. TSLQ will become the Tradr 2X Short TSLA Daily ETF, targeting twice the inverse of the daily return of Tesla. SARK will become the Tradr 2X Short Innovation Daily ETF, targeting twice the inverse of the ARKK ETF's daily returns. And NVDS will become the Tradr 1.5X Short NVDA Daily ETF, targeting 1.5 times the inverse of Nvidia's daily returns. All three leverage increases and rebrandings are scheduled for July 15.

"The new targets address growing demand among traders for higher leverage multiples to amplify exposure to actively traded single stocks and ETFs," Markiewicz states. "These leverage increases are just the tip of the iceberg for Tradr.

All four of Tradr's starting ETFs remain series of Investment Managers Series Trust and remain listed on Nasdaq. AXS Investments LLC remains their investment advisor, and their PM team continues to be Parker Binion (an AXS portfolio manager) and Travis Tampe (managing director of portfolio management). (Tampe and Binion have PMed NVDS, TARK, and TSLQ since inception.)

SARK first debuted on November 5, 2021 as the Tuttle Capital Short Innovation ETF, before being adopted by AXS in 2022 and switching names. The fund now has about $111.6 million in AUM. It comes with an expense ratio of 75 basis points, including a 26bps fee waiver promised through August 5, 2024.

TARK launched on May 2, 2022. The fund now has about $55.8 million in AUM. It comes with an expense ratio of 115bps, including a 28bps fee waiver promised through July 31, 2024.

TSLQ debuted on July 13, 2022. The fund now has about $98.3 million in AUM. It, too, comes with an expense ratio of 115bps, including a 6bps fee waiver promised through July 31, 2024.

NVDS also launched on July 13, 2022. It, too, comes with an expense ratio of 115bps, including a 66bps fee waiver promised through July 31, 2024.

The four initial Tradr ETFs' other service providers include: SS&C's Alps Distributors, Inc. as distributor; Brown Brothers Harriman & Co. as custodian, fund accounting agent, and transfer agent; Morgan, Lewis & Bockius LLP as counsel; Mutual Fund Administration, LLC (MFAC) as co-administrator; Tait, Weller & Baker LLP as independent accounting firm; and UMB Fund Services, Inc. (UMBFS) as co-administrator. 

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