The Defiance Daily Target 2X Long NVO ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of NOVO Nordisk A/S- ADR (NYSE: NVO) (the “Underlying Security” or “NVO”). Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage.
This ETF provides synthetic exposure. It does not hold the securities of the index directly so we cannot display its exposure breakdown.