Investment Managers Series Trust II - Tradr 2X Long SNDK Daily ETF (SNXX) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2X) the daily performance of the common stock of SanDisk Corporation (SNDK), providing leveraged exposure to the individual equity security for sophisticated investors seeking amplified returns tied to SNDK's price movements. The fund employs swap agreements and other derivatives to achieve its leveraged objectives; it does not invest directly in SNDK stock but uses financial instruments to replicate 200% of the underlying stock's daily return. Launched under the Tradr ETFs suite by a sponsor affiliated with Investment Managers Series Trust II, the fund operates primarily in the U.S. financial markets, targeting institutional and retail traders focused on single-stock leveraged strategies, with headquarters tied to the trust's administrative offices in Milwaukee, Wisconsin. In recent developments as of late 2025, Tradr ETFs expanded its suite with the introduction of SNXX amid growing demand for single-stock daily leveraged products; the fund represents a strategic extension of the provider's offerings following regulatory approvals for such niche ETFs and partnerships with authorized participants for efficient creation and redemption processes.