AXS 2X NKE Bear Daily ETF
NKEQ
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Jul 13, 2022
- Similar Companies
- Business
- AXS 2X NKE Bear Daily ETF (NKEQ) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the inverse (-200%) of the daily performance of Nike, Inc. (NKE) common stock. The fund achieves its investment objective primarily through swap agreements and other derivatives providing leveraged inverse exposure to NKE; it maintains under normal circumstances at least 80% of its net assets in financial instruments that deliver -200% of NKE's single-day price return, with collateral investments including U.S. Treasuries, money market funds, short-term bond ETFs, or investment-grade corporate debt; the fund is non-diversified and intended for short-term tactical trading rather than long-term holding due to daily reset and compounding effects. AXS 2X NKE Bear Daily ETF operates within the inverse equities segment of the exchange-traded products industry, targeting sophisticated investors seeking leveraged downside exposure to individual large-cap consumer discretionary stocks like NKE; it is part of Investment Managers Series Trust II, a registered open-end management investment company. The ETF was launched in July 2022 by AXS Investments LLC, the adviser, which is headquartered in Port Chester, New York, and specializes in alternative investment strategies including leveraged single-stock ETFs. In a major development, the Board of Trustees approved a plan of liquidation for the fund in May 2023, with trading ceasing on June 16, 2023, and final distributions to shareholders completed on or about June 26, 2023, marking the ETF's termination and dissolution as part of a broader wind-down of select AXS single-stock leveraged products including the companion AXS 2X NKE Bull Daily ETF (NKEL).