Defiance Pure Space Daily 2X Strategy ETF (SPCL)

The Defiance Pure Space Daily 2X Strategy ETF is a leveraged exchange-traded fund from Defiance ETFs that seeks to deliver twice the daily performance of a basket or benchmark of space-focused companies. Its holdings theme covers businesses whose operations center on space, such as rocket launch, satellite manufacturing and communications, and space infrastructure.

The fund generally achieves its leverage through swap agreements and other derivatives. Because it resets its exposure each trading day, its 2X objective applies to single-day returns only, and results over longer periods can diverge meaningfully from twice the return of the underlying space exposure due to compounding. It is listed on Cboe BZX.