KraneShares 2X Long PDD Daily ETF

KraneShares 2X Long PDD Daily ETF is a leveraged equity ETF designed to provide twice the daily performance of PDD Holdings’ American Depositary Receipt, before fees and expenses. The fund uses financial instruments such as swaps and options to create synthetic exposure to a single underlying company, making it a focused tool within the consumer discretionary and broadline retail segments. KraneShares 2X Long PDD Daily ETF is intended for short-term tactical use rather than long-term buy-and-hold exposure, and its daily rebalancing structure is central to how it maintains its 2x objective. The fund is part of KraneShares’ single-stock levered ETF lineup and gives market participants a targeted way to access PDD Holdings through a concentrated, high-conviction structure.