Defiance Daily Target 2x Long KEEL ETF (KEEX)

The Defiance Daily Target 2x Long KEEL ETF (KEEX) is a leveraged single-stock fund from Defiance ETFs. It seeks to deliver twice the daily performance of the security trading under the ticker KEEL.

The fund gains its leveraged exposure through derivatives such as swap agreements and resets its leverage every day. It therefore targets daily returns only, and its performance over periods longer than one day can differ substantially from twice the underlying stock's cumulative return.

The fund is designed as a short-term trading tool for investors seeking magnified exposure to a single company rather than a diversified portfolio.