Defiance Daily Target 2x Long PL ETF (PLU)

The Defiance Daily Target 2x Long PL ETF (PLU) is a leveraged single-stock ETF from Defiance ETFs. It seeks daily investment results equal to two times the daily percentage change in the shares of Planet Labs, which trades under the ticker PL and operates a fleet of Earth-imaging satellites providing geospatial data.

The fund achieves leverage through swaps and similar instruments and rebalances every day. Its objective applies to single-day returns, so over longer periods results can vary significantly from twice the stock's performance.

PLU trades on Cboe BZX.