What does Defiance Daily Target 2X Long B ETF invest in?▾
BU uses swap agreements to make bullish bets on the Barrick Mining Corporation (NYSE: B) share price. Barrick Mining engages in the production and sale of gold, copper, and related activities. It also provides exploration and mining development. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in Bs share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like...
