Greg Bassuk and his team near New York City are rolling out a trio of leverage, single-stock funds, and they're building seven more.

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

This morning, Matt Markiewicz, head of product and capital markets at AXS' Tradr ETFs profile], unveiled the launch of the Tradr 2X Long TEM Daily ETF (TEMT on the Cboe BZX), and late last month Markiewicz unveiled the launch of the Tradr 2X Long APP Daily ETF (APPX on the Nasdaq) and the Tradr 2X Long QBTS Daily ETF (QBTX on the Cboe BZX). The AXS team also filed to launch seven additional similar ETFs:

the Tradr 2X Long ACHR Daily ETF (ARCX on the Nasdaq);

the Tradr 2X Long ALAB Daily ETF (LABX on the Cboe BZX);

the Tradr 2X Long MDB Daily ETF (MDBX on the Cboe BZX);

the Tradr 2X Long QUBT Daily ETF (QUBX on the Nasdaq);

the Tradr 2X Long RGTI Daily ETF (RGTU on the Cboe BZX);

the Tradr 2X Long UPST Daily ETF (UPSX on the Cboe BZX); and

the Tradr 2X Long ZS Daily ETF (ZSX on the Nasdaq).

Port Chester, New York-based AXS Investments LLC will serve as investment advisor to the 10 aforementioned new and planned ETFs. AXS' Parker Binion, a portfolio manager, and Travis Trampe, managing director, will serve as the PM team for the ETFs.

Each of the 10 new and planned Tradr 2X ETFs is designed to track a different, specific stock and offer 200 percent of that stock's daily returns. The funds each come with an expense ratio of 130 basis points:

APPX tracks Applovin Corp. (APP), has about $11.427 million in AUM (as of today), and its inception date was April 24;

QBTX tracks D-Wave Quantum Inc. (QBTS), has about $6.064 million in AUM, and its inception date was also April 24;

TEMT tracks Tempus AI Inc. (TEM), and its inception date was yesterday (May 12);

ZSX will track Zscaler Inc. (ZS);

UPSX will track Upstart Holdings Inc. (UPST);

RGTU will track Rigetti Computing Inc. (RGTI);

QUBX will track Quantum Computing Inc. (QUBT);

MDBX will track MongoDB Inc. (MDB);

LABX will track Astera Labs Inc. (ALAB); and

ARCX will track Archer Aviation Inc. (ACHR).

Bassuk, chairman and CEO of AXS, tells MFWire via email that TEMT, QBTX, and APPX "are the industry's first-ever leveraged products" tied to three trading-heavy stocks: TEM, QBTS, and APP, respectively. The move comes less than three years after the AXS team laid claim to being the first provider of single stock leveraged ETFs and single stock inverse ETFs.

"Traders who are bullish on Tempus AI, AppLovin or D-Wave can utilize these new Tradr ETFs to take advantage of swings in their daily stock price without using a margin account," Bassuk writes.

Markiewicz highlights "the unique narrative" driving Tempus' "significant momentum." And he describes AppLovin and D-Wave as offering "a unique combination of volatility, liquidity, and a compelling growth stroy."

"In today's fast-moving equity market, we believe high-conviction traders looking for transparency and simplicity will appreciate Tradr's distinctive leveraged ETFs," Markiewicz states.

Tradr's 10 new and upcoming ETFs are all actively managed, non-diversified series of Investment Manager Series Trust II. The funds' other service providers include:

SS&C's Alps Distributors, Inc. as distributor;

Brown Brothers Harriman & Co. (BBH) as custodian, fund accounting agent, and transfer agent;

Chapman and Cutler LLP as counsel to AXS;

Morgan, Lewis & Bockius LLP as counsel to the trust and its independent trustees;

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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