Tidal Trust II Defiance Daily Target 2x Long Uranium ETFTidal Trust II Defiance Daily Target 2x Long Uranium ETFTidal Trust II Defiance Daily Target 2x Long Uranium ETF

Tidal Trust II Defiance Daily Target 2x Long Uranium ETF

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Key stats


Assets under management (AUM)
‪4.10 M‬USD
Fund flows (1Y)
‪5.14 M‬USD
Dividend yield (indicated)
5.54%
Discount/Premium to NAV
0.2%
Shares outstanding
‪325.00 K‬
Expense ratio
0.95%

About Tidal Trust II Defiance Daily Target 2x Long Uranium ETF


Issuer
Toroso Investments Topco LLC
Brand
Defiance
Inception date
May 23, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Management style
Active
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
URAX uses swap agreements to make bullish bets on (URA) Global X Uranium ETFs share price. URA tracks a market cap-weighted index that focuses on pure-play companies engaged in the production and mining of nuclear components. The fund maintains a daily leveraged exposure equivalent to 200% of the funds net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if URA's performance strengthens. The fund is expected to invest in T-bills, money market funds, short-term bond ETFs, and corporate debts as collateral.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Nuclear energy
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Mutual fund
Stock breakdown by region
100%
Summarizing what the indicators are suggesting.
Oscillators
Neutral
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Neutral
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Neutral
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Summary
Neutral
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Moving Averages
Neutral
SellBuy
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Moving Averages
Neutral
SellBuy
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Displays a symbol's price movements over previous years to identify recurring trends.