Defiance Daily Target 2X Long LLY ETF

Defiance Daily Target 2X Long LLY ETF is a leveraged exchange-traded fund designed to provide daily investment results that correspond to two times the daily share price movement of Eli Lilly and Company. The fund uses derivatives such as swap agreements and, in some cases, listed options contracts rather than directly holding the underlying stock, and it rebalances its exposure each day to maintain its target leverage. As an actively managed, non-diversified ETF, it is built for traders seeking short-term, tactical exposure to a single large-cap pharmaceutical company. The portfolio may also hold cash equivalents and short-term U.S. government securities as collateral for its derivative positions. Defiance Daily Target 2X Long LLY ETF plays a specialized role in the market by offering amplified, single-stock exposure within the health care and pharmaceuticals segment.