DKNX

Defiance Daily Target 2X Long DKNG ETF

$7.34

+0.00%

Market closed. Last update: 10:53 PM ET

📎 Investment Objective

The Defiance Daily Target 2X Long DKNG ETF (DKNX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of DraftKings Inc. (DKNG).

Overview

ETF tracking Defiance Daily Target 2X Long DKNG ETF

Category Leveraged

Issuer Other

Inception Date 2025-07-31

Market Cap N/A

Average Volume N/A

Dividend Yield N/A

52-Week Range $6.65 - $21.68

VWAP $7.17

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Long DKNG ETF (DKNX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of DraftKings Inc. (DKNG).

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the performance of DKNG. It does not invest directly in the underlying stock.

✨ Key Features

Provides 2x the daily performance of DraftKings Inc. stock
Utilizes derivatives to achieve its leveraged exposure
Designed for short-term, speculative trading, not long-term investment
Very high risk due to the use of leverage

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for large daily losses that may not be offset by gains on other days
Tracking error risk, as the fund may not perfectly match the 2x daily performance of DKNG
Counterparty risk associated with the derivative instruments used

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to the performance of DraftKings Inc. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.