Key stats
About Defiance Daily Target 2x Long LMND ETF
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Inception date
Oct 15, 2025
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
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
Identifiers
3
ISIN US88636W7671
LMNX uses swap agreements and short-dated listed call options to make bullish bets on the share price of Lemonade, Inc. (NYSE: LMND). LMND is a fully digital insurance company. Its offerings include renters, homeowners, car, pet, and life insurance through its own licensed carriers in the U.S. and Europe. The company relies on reinsurance agreements and a fixed-fee model to manage underwriting risk and reduce variability in financial results. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in LMND price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. LMND expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.
Related funds
Classification
What's in the fund
Exposure type
Cash
Mutual fund
Stock breakdown by region
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
LMNX trades at 29.03 USD today, its price has risen 16.92% in the past 24 hours. Track more dynamics on LMNX price chart.
LMNX net asset value is 29.15 today — it's fallen 15.13% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
LMNX assets under management is 4.00 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
LMNX price has fallen by −21.63% over the last month, and its yearly performance shows a 51.58% increase. See more dynamics on LMNX price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −15.13% over the last month, have fallen by −15.13% over the last month, showed a −1.77% decrease in three-month performance and has decreased by −1.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by −15.13% over the last month, have fallen by −15.13% over the last month, showed a −1.77% decrease in three-month performance and has decreased by −1.77% in a year.
LMNX fund flows account for 3.83 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
LMNX invests in cash. See more details in our Analysis section.
LMNX expense ratio is 1.31%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, LMNX is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, LMNX doesn't pay dividends to its holders.
LMNX trades at a premium (0.44%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
LMNX shares are issued by Toroso Investments Topco LLC
LMNX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Oct 15, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.