HIMZ

Defiance Daily Target 2X Long HIMS ETF

$8.29

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Defiance Daily Target 2X Long HIMS ETF (HIMZ) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the HIMS Index, which tracks the performance of companies in the men's personal care and wellness industry.

Overview

ETF tracking Defiance Daily Target 2X Long HIMS ETF

Category Leveraged

Issuer Other

Inception Date 2025-03-13

Market Cap $68.6M

Average Volume N/A

Dividend Yield N/A

52-Week Range $7.88 - $54.46

VWAP $8.03

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the HIMS Index. It aims to deliver twice the daily returns of the index, before fees and expenses.

✨ Key Features

Provides 2x daily leveraged exposure to the HIMS Index, which focuses on the men's personal care and wellness industry
Utilizes derivatives to achieve its leveraged investment objective
Resets its leverage daily, which can lead to compounding effects over longer holding periods
Has a very low expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund's investments
Potential for increased volatility and larger losses compared to the underlying index
Compounding effects can magnify losses over longer holding periods
Counterparty risk associated with the use of derivatives

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged investing and are seeking short-term, speculative exposure to the men's personal care and wellness industry. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.