Defiance Daily Target 2X Long RCAT ETF (RCAX)

Defiance Daily Target 2X Long RCAT ETF (RCAX) is an exchange-traded fund in the Trading Leveraged Equity category. It has $7.97M in assets and an expense ratio of 1.30%. The fund is an actively managed exchange traded fund (“ETF”) where the fund manager attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. It aims to achieve this daily percentage change for a single day, and not for any other period. The fund is non-diversified.