CVNX

Defiance Daily Target 2X Long CVNA ETF

$15.63

+0.00%

Market closed. Last update: 11:54 AM ET

📎 Investment Objective

The Defiance Daily Target 2X Long CVNA ETF (CVNX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Carvana Co. (CVNA).

Overview

ETF tracking Defiance Daily Target 2X Long CVNA ETF

Category Leveraged

Issuer Other

Inception Date 2025-05-29

Market Cap $1.2M

Average Volume N/A

Dividend Yield N/A

52-Week Range $13.24 - $27.87

VWAP $16.10

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Long CVNA ETF (CVNX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of Carvana Co. (CVNA).

🎯 Investment Strategy

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

✨ Key Features

Provides 2x the daily return of Carvana's stock price
Utilizes derivatives to achieve leveraged exposure
Resets daily, so longer-term returns may differ from 2x the stock's performance
Very small asset base, potentially low trading liquidity

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's daily return and 2x the daily return of the underlying stock
Risks associated with the use of derivatives, including counterparty risk
Low trading volume and asset base could lead to wider bid-ask spreads

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged and derivative-based products and are seeking short-term, speculative exposure to Carvana's stock price movements. It is not suitable for long-term or conservative investors.