Defiance Daily Target 2x Short RKLB ETF(NASDAQ:RKLZ)

RKLZ uses swap agreements to make bearish bets on Rocket Lab Corporation's (NASDAQ: RKLB) share price. RKLB is a leading aerospace manufacturer and space launch provider focused on delivering reliable and responsive launch services, spacecraft components, and on-orbit solutions. The fund maintains a daily leveraged exposure equivalent to -200% of the fund's net assets through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. This strategy is high-risk and does not include a defensive position as part of its overall process. Additionally, the fund could potentially lose money over time, even if RKLB' performance strengthens. The fund is expected to invest in cash-like instruments as collateral.