Defiance Daily Target 2X Long LUNR ETF(CBOE:LUNL)

LUNL uses swap agreements and short-dated listed call options to make bullish bets on the share price of Intuitive Machines, Inc. (NASDAQ: LUNR). Intuitive Machines, Inc. is a space exploration, infrastructure, and services company that focuses on lunar access, data services, and advanced space systems. Its core sectors include lunar delivery services, data transmission services, and infrastructure services designed to support operations on the lunar surface. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in LUNR price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.