Defiance Leveraged Long + Income MSTR ETF (MST)

Defiance Leveraged Long + Income MSTR ETF is a single-stock fund from Defiance ETFs that references Strategy Inc., formerly known as MicroStrategy. It combines leveraged long exposure to MSTR stock with an options-based income component.

The fund uses swaps and options to build leveraged exposure and seeks to generate income by selling options, distributing that income to shareholders. The leverage level and option strategy are described in the prospectus. Shares trade on the Nasdaq.