Defiance Leveraged Long + Income MSTR ETF

Defiance Leveraged Long + Income MSTR ETF is an actively managed exchange-traded fund designed to provide leveraged exposure to MicroStrategy Incorporated through derivatives such as swap agreements and options contracts. The fund seeks long-term capital appreciation as its primary objective and current income as a secondary objective, combining amplified long exposure with an options-based income strategy. It uses a credit call spread approach to generate premium income while maintaining a focus on the daily performance of MicroStrategy stock. This structure makes the fund a specialized market instrument for investors seeking a single-asset strategy centered on MicroStrategy with an income overlay. Defiance Leveraged Long + Income MSTR ETF is part of the growing segment of thematic and derivatives-driven ETFs that aim to deliver targeted exposure and periodic distributions through active management.