Investment Managers Series Trust II - Tradr 2X Short NBIS Daily ETF (NBIZ) is an exchange-traded fund (ETF) that provides leveraged inverse (-2x) daily exposure to the performance of the NBIS Index, seeking to deliver twice the inverse daily return of the index before fees and expenses. The fund employs swap agreements, futures contracts, and other financial instruments to achieve its leveraged short objectives; it does not invest directly in the underlying index constituents, which track innovation-focused sectors such as biotechnology, clean energy, and advanced materials. NBIZ targets sophisticated investors, including traders and institutions pursuing short-term tactical strategies in high-growth thematic equities; it operates primarily in the United States, listed on major exchanges like Nasdaq.
Established under Investment Managers Series Trust II, a registered open-end management investment company headquartered in Milwaukee, Wisconsin (with management by a firm tracing roots to the early 2010s), the ETF launched in late 2024 amid surging demand for leveraged single-stock and thematic inverse products. In 2025, Tradr ETFs expanded its suite with NBIZ as part of a strategic push into short-only leveraged offerings, following a seed funding round from institutional backers to accelerate product development; the firm also announced partnerships with prime brokers for enhanced liquidity provision and risk management tools. Recent enhancements include the integration of daily rebalancing algorithms to mitigate volatility decay and the introduction of tax-efficient structures compliant with UCITS-equivalent standards for broader institutional appeal, positioning NBIZ as a key tool in hedging portfolios exposed to NBIS Index volatility.