AXS 2X NKE Bull Daily ETF
NKEL
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- AXS 2X NKE Bull Daily ETF (NKEL) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (200%) the daily performance of the common shares of Nike, Inc. (NKE). The fund primarily achieves its objective through investments in derivatives such as swaps tied to NKE stock, focusing on the consumer discretionary sector, specifically apparel, footwear, and luxury goods; it operates with a single holding concentrated in NKE exposure and targets retail and institutional investors seeking leveraged daily returns. NKEL trades on Nasdaq and is a series of Investment Managers Series Trust II, managed by AXS Investments LLC. Launched on July 14, 2022, as part of AXS Investments' pioneering suite of U.S. single-stock leveraged ETFs providing bull and bear daily exposure to high-profile names including Nike, Pfizer, and others, the fund was issued by Investment Managers Series Trust II, a Delaware statutory trust. AXS Investments, founded in 2019 and headquartered in Port Chester, New York, serves as the investment adviser, offering a range of alternative ETFs and mutual funds focused on growth, income, and thematic strategies. In a major operational change, NKEL ceased trading on June 16, 2023, with liquidation completed on June 26, 2023, distributing cash proceeds of $20.6369 per share to shareholders on June 28, 2023, due to low assets or strategic portfolio decisions by the sponsor. The fund has not been relaunched as of late 2025, though AXS Investments continues to manage other single-stock and alternative ETFs; no recent partnerships, funding rounds, acquisitions, or new product launches specific to NKEL have been reported. Geographically, the fund targeted U.S. investors with exposure to Nike's global operations in consumer goods.