Key stats
About Defiance Daily Target 2X Long AVGO ETF
Expense ratio
1.29%
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Inception date
Aug 21, 2024
AVGX uses swap agreements to make bullish bets on Broadcom Inc. (AVGO) share price. AVGO is a global technology company that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in AVGO's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. AVGX could potentially lose value over time, even if AVGO's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Miscellaneous
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.