Defiance Daily Target 2X Long HIMS ETF (HIMZ)

The Defiance Daily Target 2X Long HIMS ETF (HIMZ) is a leveraged single-stock fund sponsored by Defiance ETFs. It seeks daily investment results of twice (2x) the daily percentage change in the share price of Hims & Hers Health, Inc. (NYSE: HIMS), the telehealth company.

The fund gains its leveraged exposure mainly through swap agreements and other derivatives on Hims & Hers stock and rebalances daily. Because it targets a 2x multiple for a single day only, its returns over periods longer than one day can differ substantially from twice the stock's return, especially during volatile markets.

It is designed as a short-term trading tool rather than a long-term holding.