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MIAMI, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to unveil SOFX, the first 2X long ETF for SoFi Technologies, Inc. SOFX seeks to provide 200% long daily targeted exposure to SoFi Technologies, Inc. Defiance’s single-stock ETFs provide leveraged exposure to disruptive companies without the need for a margin account.
A new breed of ETF debuted on the U.S. markets earlier this month when AXS Investments launched eight funds offering daily leveraged bull and bear bets on the direction of single companies.
Most leveraged and inverse ETFs, as well as single-stock funds, use debt and financial derivatives to track an index’s return daily, rather than over an extended period.
The average daily volume for this ETF is about 43.7 million shares, making it one of the most popular leveraged funds. Expense ratio: 0.95 percent Assets under management: $2.1 billion
Defiance’s single-stock leveraged ETFs empower retail investors by providing access to leverage without the need for a margin account, offering leverage within an ETF wrapper. AVGX and SMCX seek to provide 200% long daily targeted exposure to Broadcom and Super Micro Computer, respectively.
Leveraged exchange-traded funds try to provide two times or three times the daily performance of popular market indexes by using futures, swaps, derivatives and other exotic methods to accomplish...
Leveraged funds: These funds borrow money and then invest in the target stock, giving investors up to two times the daily return on the stock. So if the target stock rises 10 percent one day, a 2x ...
New single-stock leveraged ETFs allow investors to make amplified bets for — or against — some of the biggest names in the market.
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