Investment Managers Series Trust II - Tradr 2X Long UPST Daily ETF
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- Investment Managers Series Trust II – Tradr 2X Long UPST Daily ETF is a U.S.-listed exchange-traded fund designed to provide daily leveraged exposure to the common stock of Upstart Holdings, Inc. The fund seeks investment results, before fees and expenses, corresponding to 200% of the daily performance of Upstart Holdings common shares; it does not seek to achieve its objective over periods longer than a single trading day. The fund employs derivatives and other financial instruments, including swap agreements and options, to obtain its targeted exposure, and is intended principally for investors seeking short-term, actively managed leveraged exposure to daily movements in Upstart shares. The ETF is advised by AXS Investments LLC and is offered as a series of Investment Managers Series Trust II, a registered investment company headquartered in Milwaukee, Wisconsin. The fund commenced operations on June 9, 2025, trades under the ticker symbol UPSX, and is listed on the Cboe BZX Exchange. Recent material developments include a 1-for-5 reverse split of UPSX shares, effective after the close of trading on December 1, 2025, with split-adjusted trading beginning December 2, 2025; the fund also continues to operate under its July 31, 2026 summary prospectus and remains part of Tradr’s lineup of single-stock daily leveraged ETFs.