Defiance Daily Target 2X Long JPM ETF(NASDAQ:JPX)

JPX uses swap agreements and short-dated listed call options to make bullish bets on the share price of JPMorgan Chase & Co. (NYSE: JPM). JPM is a financial holding company based in the US, with operations worldwide. Its businesses include investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in JPM price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. JPX is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.