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Defiance Daily Target 2X Long SOFI ETF (SOFX): ETF

ETF traded on XNAS under symbol SOFX. Quoted in usd.

Daily Target 2X Long SOFI ETF logo

Daily Target 2X Long SOFI ETF

+2.23%$6.88
XNAS:SOFXEquity
AUM $47.36M·YTD --·Yield --
Daily Target 2X Long SOFI ETF logoXNAS:SOFX$6.88+2.23%
About SOFX

SOFX is an exchange-traded fund engineered to capitalize on upward movements in the stock price of SoFi Technologies, Inc. (SOFI). It achieves this through the use of swap agreements, essentially placing bullish bets on the underlying company. SoFi Technologies, Inc. itself is an American financial technology firm that offers a broad spectrum of personal finance and digital banking services. The fund's core objective is to deliver a daily return equivalent to 200% of the daily percentage change in SOFI's share price. To maintain this magnified exposure, it undergoes daily rebalancing. Given its highly leveraged design, SOFX is specifically intended for short-term, tactical trading maneuvers and is explicitly not recommended as a vehicle for long-term investment. Investors holding SOFX for longer than a single day should anticipate potential deviations from the targeted 2x return, primarily due to the complex interplay of market volatility and compounding effects over extended periods. This strategy inherently carries a high level of risk and does not incorporate any defensive mechanisms to protect against downturns. As a result, SOFX could experience a significant decline in value over time, even during periods of robust performance by its underlying asset, SOFI. To secure its positions, the fund utilizes various collateral assets, including U.S. Government securities, money market instruments, short-term bond exchange-traded funds, and corporate debt.

Largest holdings

  1. United States Treasury Bill 11/19/202670.89%
  2. SOFI TECHNOLOGIES, INC.-SWAP-MSCS-L55.00%
  3. SOFI TECHNOLOGIES SWAP JNST-L30.47%
  4. SOFI TECHNOLOGIES SWAP NBC-L25.18%
  5. SOFI NOMURA23.67%
  6. SOFI TECHNOLOGIES SWAP CS-L21.69%
  7. SOFI TECH SWAP MAREX-L18.48%
  8. SOFI TECHNOLOGIES - L -CANTOR15.95%
  9. SOFI TECHNOLOGIES INC SWAP BMO9.59%
  10. First American Government Obligations Fund 12/01/20312.15%
Full holdings, sectors and countries
Dividend History
Benchmark Comparison
Compared against
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Total Invested
$70,000
Final Portfolio
$104,436
Total Return
+$34,436
(+49.2%)
Dividends Reinvested
$0
compounded into portfolio
Defaults are seeded from historical performance and trailing twelve-month yield. Past performance is not a forecast. Feel free to adjust any input to model your own assumptions.
ETF Key Metrics
AUM$47.36M
NAV$6.89
Premium/Discount-0.15%
Expense Ratio1.33%
Market Cap$71.50M
Shares Outstanding7.73M
Inception DateJan. 15, 2025
Fund Details
IssuerDefiance
Asset ClassEquity
Beta4.40
SectorFinancial Services
DomicileUS
52-Week Range
$5.32$53.91
Current: $6.88
Volume
Volume1.20M
Avg Volume1.41M
Vol/Avg0.85x

30d

1.89M

60d

1.71M

90d

1.51M

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