Defiance Daily Target 2x Long MSTR ETF (MSTX)

Defiance Daily Target 2x Long MSTR ETF is a single-stock leveraged fund from Defiance ETFs. It seeks daily investment results equal to two times (2x) the daily percentage change of Strategy Inc., the company formerly known as MicroStrategy, which pairs enterprise analytics software with a large bitcoin treasury.

The fund obtains exposure mainly through swaps and options. Its objective applies to a single day, and because leverage resets daily, longer-term performance can differ widely from twice MSTR's cumulative return. Shares trade on the Nasdaq.