Defiance Daily Target 2X Long VST ETF

Defiance Daily Target 2X Long VST ETF is a leveraged exchange-traded fund designed to deliver twice the daily performance of Vistra Corp., a major U.S. integrated retail electricity and power generation company. The ETF achieves this 200% daily exposure through the use of derivatives such as swaps and options, offering investors magnified returns—both gains and losses—on the movement of Vistra Corp. shares. Its primary purpose is to provide active traders and sophisticated investors with a means of pursuing short-term, amplified strategies in the rapidly evolving energy sector. Vistra Corp. is notable for its focus on sustainable energy solutions, including zero-carbon nuclear and solar power, battery storage, and grid modernization, all of which are central trends within the ongoing clean energy transition. By tracking Vistra's daily performance on a leveraged basis, this ETF serves as a tactical instrument for those seeking targeted, high-beta exposure to developments within the utility and renewable energy industry. The fund’s concentrated exposure and leveraged strategy make it a specialized tool for experienced market participants looking to capitalize on the price movements of a single influential energy company.