Tidal Trust II Defiance Daily Target 2X Long LLY ETFTidal Trust II Defiance Daily Target 2X Long LLY ETFTidal Trust II Defiance Daily Target 2X Long LLY ETF

Tidal Trust II Defiance Daily Target 2X Long LLY ETF

No trades
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Key stats


Assets under management (AUM)
‪29.04 M‬USD
Fund flows (1Y)
‪31.78 M‬USD
Dividend yield (indicated)
Discount/Premium to NAV
0.3%
Shares outstanding
‪1.83 M‬
Expense ratio
1.29%

About Tidal Trust II Defiance Daily Target 2X Long LLY ETF


Issuer
Toroso Investments Topco LLC
Brand
Defiance
Inception date
Aug 7, 2024
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Synthetic
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 Companys (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 funds 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.

Broaden your horizons with more funds linked to LLYX via country, focus, and more.

Classification


Asset Class
Equity
Category
Sector
Focus
Health care
Niche
Pharmaceuticals
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
StocksBonds, Cash & Other
Cash
Stock breakdown by region
100%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
LLYX trades at 16.02 USD today, its price has risen 1.29% in the past 24 hours. Track more dynamics on LLYX price chart.
LLYX net asset value is 15.69 today — it's fallen 0.54% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
LLYX assets under management is ‪29.04 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
LLYX price has risen by 0.71% over the last month, and its yearly performance shows a −32.23% decrease. See more dynamics on LLYX price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −0.54% over the last month, showed a 4.65% increase in three-month performance and has decreased by −13.42% in a year.
LLYX fund flows account for ‪31.78 M‬ USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
LLYX invests in cash. See more details in our Analysis section.
LLYX expense ratio is 1.29%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
Yes, LLYX is a leveraged ETF, meaning it uses borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, LLYX technical analysis shows the neutral rating and its 1-week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating LLYX shows the buy signal. See more of LLYX technicals for a more comprehensive analysis.
No, LLYX doesn't pay dividends to its holders.
LLYX trades at a premium (0.31%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
LLYX shares are issued by Toroso Investments Topco LLC
LLYX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Aug 7, 2024.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.