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About Tidal Trust II Defiance Daily Target 2x Long Uranium ETF
Expense ratio
0.95%
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Inception date
May 23, 2024
URAX uses swap agreements to make bullish bets on (URA) Global X Uranium ETFs share price. URA tracks a market cap-weighted index that focuses on pure-play companies engaged in the production and mining of nuclear components. 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 URA's performance strengthens. The fund is expected to invest in T-bills, money market funds, short-term bond ETFs, and corporate debts as collateral.
Classification
What's in the fund
Exposure type
Cash
Stock breakdown by region