SMCX

Defiance Daily Target 2X Long SMCI ETF

$10.91

+0.00%

Market closed. Last update: 2:17 AM ET

📎 Investment Objective

The Defiance Daily Target 2X Long SMCI ETF (SMCX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the S&P MidCap 400 Index.

Overview

ETF tracking Defiance Daily Target 2X Long SMCI ETF

Category Leveraged

Issuer Other

Inception Date 2024-08-22

Market Cap $154.0M

Average Volume N/A

Dividend Yield 4.58%

52-Week Range $10.44 - $71.86

VWAP $10.88

Performance

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Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Long SMCI ETF (SMCX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the S&P MidCap 400 Index.

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to obtain the desired 2x leveraged exposure to the S&P MidCap 400 Index. It does not invest directly in the underlying index components.

✨ Key Features

Provides 2x the daily performance of the S&P MidCap 400 Index
Utilizes derivatives to achieve the leveraged exposure
Resets daily, so longer-term returns may differ from 2x the index
Very small asset base of $0 as of the latest reporting period

⚠️ Primary Risks

Significant daily volatility and risk of losses due to the leveraged nature of the fund
Potential for divergence between the fund's performance and 2x the daily index return over longer holding periods
Counterparty risk associated with the derivative instruments used
Lack of a proven track record, with no performance history available

👤 Best For

This ETF is intended for experienced, sophisticated investors with a high risk tolerance who seek short-term, leveraged exposure to the mid-cap equity market. It is not suitable for long-term buy-and-hold investors or those with a low risk appetite.