AXS 2X NKE Bull Daily ETF (NASDAQ : NKEL) Stock

The AXS 2X NKE Bull Daily ETF seeks daily investment results, before fees and expenses, that correspond to two times (200%) the daily performance of the common shares of Nike, Inc. The Fund will maintain at least 80 percent exposure to financial instruments that provide two times leveraged exposure to the daily performance of NKE. The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve on a daily basis, before fees and expenses, 200% performance of NKE for a single day, not for any other period, by entering into one or more swap agreements on NKE. A single day is measured from the time the Fund calculates its net asset value (NAV) to the time of the Funds next NAV calculation.