Symbols

LLYX

·NYSE

--(--)

Key Stats

Assets Under Management

46.99MUSD

Fund Flows (1Y)

-97.60MUSD

Dividend Yield

Discount/Premium to NAV

-0.17%

Shares Outstanding

1.85M

Expense Ratio

1.29%

About Defiance Daily Target 2X Long LLY ETF

Issuer

Tidal Investments LLC

Brand

Defiance

Home Page

https://www.defianceetfs.com/llyx/

Inception Date

Aug 7, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Tidal Investments LLC

Distributor

Foreside Fund Services LLC

LLYX uses swap agreements to make bullish bets on Eli Lilly and Company's (NYSE:LLY) share price. LLY is a global pharmaceutical company dedicated to discovering, developing, manufacturing, and marketing innovative medicines in various therapeutic areas, including neuroscience, endocrinology, oncology, cardiovascular diseases, and immunology. The fund maintains a daily leveraged exposure equivalent to 200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected 2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if LLY's performance strengthens. The fund is expected to invest in cash-like instruments as collateral.

Classification

Asset Class

Equity

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	+5.65%	+76.66%	+33.19%	+32.90%	+4.40%	+4.40%
NAV Total Return	-0.21%	+63.11%	+22.72%	+15.97%	-0.38%	-0.38%

No data is currently available

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