Tradr 2X Short LCID Daily ETF
LCIZ
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Jeffrey Gundlach
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 590 Madison Avenue, 21st Floor New York NY United States of America 10022
- IPO Date
- Jan 22, 2026
- CIK
- 0001587982
- Website
- tradretfs.com
- Similar Companies
- Business
- Investment Managers Series Trust II - Tradr 2X Short LCID Daily ETF (ticker: LCIZ) is an exchange-traded fund that seeks to provide daily investment results, before fees and expenses, corresponding to twice the inverse (-2x) of the daily performance of Lucid Group, Inc. (LCID) common stock. The fund is part of the Tradr family of leveraged and inverse single-stock ETFs and is legally organized as a series of Investment Managers Series Trust II, a U.S.-domiciled investment trust structure commonly used for multi-series mutual funds and ETFs. It is designed for short-term trading and tactical positioning rather than long-term investment, targeting sophisticated investors and traders who use leveraged inverse exposure to express high-conviction, short-term views on LCID’s share price movements. LCIZ primarily invests in a combination of financial instruments that may include swap agreements, futures contracts, options, and other derivative instruments providing inverse exposure to LCID, as well as cash and cash equivalents or short-term U.S. government securities for collateral and liquidity management. The fund does not typically hold LCID common stock directly; instead, it uses derivatives to achieve its stated -2x daily return objective relative to the performance of LCID. The ETF’s strategy is to rebalance its portfolio on a daily basis, seeking to maintain the targeted -2x leverage to LCID’s daily return, which can lead to performance deviations over periods longer than a single trading day due to the effects of daily compounding. The portfolio is managed to meet regulatory requirements under the Investment Company Act of 1940, including diversification and liquidity standards appropriate to a leveraged exchange-traded product structure. The fund’s main product characteristics include: leveraged inverse single-stock exposure to LCID at approximately -2x the daily return; daily rebalancing of derivatives exposure to maintain target leverage; intraday liquidity through listing and trading on a U.S. securities exchange; and the ability for authorized participants to create and redeem shares in large aggregations (creation units) through in-kind and/or cash transactions. The ETF typically charges a management fee and bears other fund operating expenses, which are reflected in its total expense ratio and reduce the fund’s net asset value relative to the gross performance of its reference exposure. LCIZ is marketed as a short-term trading tool for investors seeking to hedge existing LCID exposure, speculate on short-term declines in LCID’s stock price, or implement complex trading and hedging strategies involving electric vehicle equity exposures. The ETF operates within the broader exchange-traded products industry, specifically within the leveraged and inverse single-stock ETF segment that has expanded in the United States in recent years. It typically targets institutional investors, proprietary trading firms, active retail traders, and other market participants who understand the risks of leverage, derivatives, and daily rebalancing. As with other leveraged and inverse products, the fund highlights key risks such as volatility decay, path dependency, potential for amplified losses, derivatives counterparty risk, and the possibility that returns over periods longer than one day will differ significantly from -2x the cumulative return of LCID over the same period. The product is not intended for buy-and-hold investors or those who do not actively monitor their positions frequently. Investment Managers Series Trust II serves as the legal issuer of LCIZ and other series funds, while the Tradr-branded ETF platform provides product design, portfolio strategy, and distribution support for its range of leveraged and inverse single-stock ETFs. The trust structure typically uses an external investment adviser and, where applicable, a sub-adviser that is responsible for day-to-day portfolio management, including managing derivatives positions and collateral, implementing risk management guidelines, and ensuring compliance with regulatory and listing requirements. The ETF also works with third-party service providers such as an administrator, custodian, transfer agent, and distributor, following the standard operating model for U.S.-listed ETFs. The main services associated with LCIZ and related Tradr ETFs include: providing exchange-listed, transparent, leveraged and inverse exposure to individual U.S.-listed equities; enabling intraday trading and price discovery via market makers and authorized participants; offering operational infrastructure for creations and redemptions; and supplying regular portfolio disclosure, net asset value reporting, and regulatory filings to investors and market participants. The product platform also provides educational and risk disclosure materials to explain the mechanics and risks of daily reset leveraged and inverse funds, including how compounding affects performance and why these strategies are intended primarily for short-term use. Within the last one to two years, the Tradr ETF platform has been part of the broader wave of new leveraged and inverse single-stock ETF launches in the U.S. market, with LCIZ representing its specialized product focused on offering -2x daily inverse exposure to Lucid Group, a prominent electric vehicle manufacturer. Recent major developments around LCIZ and the Tradr platform have typically included: new product introductions within the same family of single-stock leveraged and inverse ETFs tied to other high-profile U.S. equities; ongoing enhancements to investor education and risk communications around single-stock leverage and daily compounding; and operational scaling of the platform’s relationships with market makers and authorized participants to support tighter bid–ask spreads and more efficient primary market liquidity. In addition, the trust has continued to expand and adjust its ETF lineup in response to investor demand for concentrated, tactical exposure to specific growth, technology, and electric vehicle-related names, with LCIZ serving as the dedicated vehicle for those seeking magnified short exposure to LCID’s stock. Investment Managers Series Trust II is headquartered in the United States and was established as a multi-series, open-end management investment company to host a variety of investment strategies, including traditional mutual funds and ETFs across asset classes and styles. As a series of this trust, LCIZ relies on the trust’s governance framework, board of trustees, and compliance infrastructure, including oversight of the ETF’s adviser and adherence to regulatory requirements governing derivatives usage and leverage in registered funds. The Tradr brand, applied to LCIZ and related leveraged and inverse ETFs, functions as a specialized line of products within this broader trust structure, focusing on sophisticated, short-term trading solutions linked to individual U.S. equities such as Lucid Group.