Key stats
About Defiance Daily Target 2X Long AVGO ETF
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Inception date
Aug 21, 2024
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
ISIN
US88636J2380
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks1.29%
Electronic Technology1.29%
Bonds, Cash & Other98.71%
Cash91.33%
Mutual fund7.38%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AVGX assets under management is 123.63 M USD. It's risen 53.82% over the last month.
AVGX fund flows account for 44.55 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AVGX pays dividends to its holders with the dividend yield of 0.71%. The last dividend (Jan 3, 2025) amounted to 0.26 USD. The dividends are paid annually.
AVGX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Aug 21, 2024, and its management style is Active.
AVGX expense ratio is 1.30% meaning you'd have to pay 1.30% of your investment to help manage the fund.
AVGX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AVGX invests in cash.
AVGX price has risen by 21.57% over the last month, and its yearly performance shows a 121.69% increase. See more dynamics on AVGX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 22.06% over the last month, showed a 44.04% increase in three-month performance and has increased by 52.23% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 22.06% over the last month, showed a 44.04% increase in three-month performance and has increased by 52.23% in a year.
AVGX trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.