SOFX

Defiance Daily Target 2X Long SOFI ETF

$38.15

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Defiance Daily Target 2X Long SOFI ETF (SOFX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of SoFi Technologies, Inc.

Overview

ETF tracking Defiance Daily Target 2X Long SOFI ETF

Category Leveraged

Issuer Other

Inception Date 2025-01-16

Market Cap $71.3M

Average Volume N/A

Dividend Yield N/A

52-Week Range $6.24 - $52.51

VWAP $39.09

Performance

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Investment Summary

📎 Investment Objective

The Defiance Daily Target 2X Long SOFI ETF (SOFX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of SoFi Technologies, Inc.

🎯 Investment Strategy

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

✨ Key Features

Provides 2x daily leveraged exposure to SoFi Technologies stock
Utilizes derivatives to achieve its targeted leverage
Resets daily, so longer-term returns may differ from 2x the underlying
Relatively new fund with limited performance history

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's daily returns and 2x the daily returns of the underlying stock
Counterparty risk associated with the derivative instruments used
Lack of diversification as the fund is focused on a single stock

👤 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 SoFi Technologies stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.