Tradr 2X Long Innovation ETF (TARK) is an actively managed exchange-traded fund that seeks to deliver two times (2x) the daily performance of the ARK Innovation ETF (ARKK), providing leveraged exposure to a portfolio of companies in transformational industries including genomics, autonomous technology, next-generation internet, artificial intelligence, and disruptive innovation; the fund achieves its objective through swap agreements with major global financial institutions, supplemented by collateral investments in fixed income securities such as U.S. Treasurys, short-term bond ETFs, corporate bonds, and money market funds. TARK targets sophisticated investors seeking short-term, high-conviction bullish views on innovation themes, with a net expense ratio capped at 1.15% through July 31, 2025 via a contractual fee waiver by its investment advisor. Launched on May 2, 2022 as part of Investment Managers Series Trust II and domiciled in the United States, the ETF operates primarily in U.S. equity markets with global reach through its reference exposure, listing on Nasdaq with approximately $34.5 million in assets under management as of late 2025. In a significant recent development, the fund rebranded from AXS 2X Innovation ETF to Tradr 2X Long Innovation ETF effective May 15, 2024, as part of AXS Investments' launch of the Tradr ETFs brand encompassing TARK, SARK, TSLQ, and NVDS to better focus on trading-oriented leveraged and inverse strategies; additionally, TARK received the 2023 Best ETF Launch Award and was shortlisted for 2023 ETF & Mutual Fund Awards by With Intelligence. The ETF maintains no underlying index, employs synthetic replication via derivatives, and emphasizes daily reset mechanics, making it unsuitable for buy-and-hold strategies due to compounding and volatility effects.