Defiance Daily Target 2x Long OSCR ETF(NASDAQ:OSCX)

OSCX uses swap agreements to make bullish bets on Oscar Health, Inc. (OSCR) share price. OSCR is a health insurance company that uses technology to simplify healthcare for individuals and small groups with a focus on digital tools and virtual care. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in OSCR's share 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 longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. OSCX fund could potentially lose value over time, even if OSCR's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.