Defiance 2X Daily Long Pure Drone And Aerial Automation ETF

Defiance 2X Daily Long Pure Drone And Aerial Automation ETF is a leveraged exchange-traded fund that seeks to deliver two times (2X) the daily performance of the BITA Pure Drone and Aerial Automation Index, before fees and expenses. This index tracks U.S.-listed companies deriving a majority of their revenue from drone and aerial automation activities, including drone and unmanned aerial vehicle (UAV) manufacturing, drone software and avionics systems, drone services such as Drone-as-a-Service, autonomous drone technologies with AI-driven flight systems, and electric vertical take-off and landing (eVTOL) platforms for urban air mobility. The equal-weighted index focuses on firms in the Aerospace & Defense and Electronic Equipment, Instruments & Components industries, meeting minimum market capitalization and liquidity thresholds, and is reconstituted and rebalanced annually. Designed for knowledgeable active traders, the ETF offers amplified exposure to innovations in drone technology, autonomous aviation systems, defense modernization, and advanced air mobility without requiring a margin account, emphasizing short-term tactical strategies.