Defiance Daily Target 2X Long VST ETF (VSTL)

The Defiance Daily Target 2X Long VST ETF is a leveraged single-stock fund from Defiance ETFs that seeks daily investment results equal to twice (2x) the daily percentage change in the share price of Vistra Corp. (VST), a Texas-based electricity generator and retail power provider.

To build its leveraged exposure, the fund typically uses swap agreements and other derivatives referencing Vistra stock, and it rebalances its exposure each day. The 2x objective applies to a single trading day only; over longer periods, compounding of daily returns means the fund's performance can differ substantially from twice the return of Vistra shares.

The product is designed as a short-term trading tool for those seeking amplified exposure to one company rather than diversified market exposure.