AVGX

Defiance Daily Target 2X Long AVGO ETF

$49.37

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Defiance Daily Target 2X Long AVGO ETF (AVGX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Broadcom Inc. (AVGO).

Overview

ETF tracking Defiance Daily Target 2X Long AVGO ETF

Category Leveraged

Issuer Other

Inception Date 2024-08-22

Market Cap $109.1M

Average Volume N/A

Dividend Yield 0.53%

52-Week Range $11.10 - $63.39

VWAP $47.97

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Long AVGO ETF (AVGX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Broadcom Inc. (AVGO).

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the performance of AVGO. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of Broadcom Inc. stock
Utilizes derivatives to achieve leveraged exposure
Resets daily, so longer-term returns may differ from 2x the underlying
Very small asset base and limited trading history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's performance and 2x the daily return of AVGO
Liquidity risk due to the small asset base and trading volume
Counterparty risk associated with the derivative instruments used

👤 Best For

This ETF is intended for experienced, sophisticated investors with a high risk tolerance who seek to make short-term, speculative bets on the daily performance of Broadcom Inc. stock. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.