Key stats
About Defiance Daily Target 2X Long DKNG ETF
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Inception date
Jul 30, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Tidal Investments LLC
Distributor
Foreside Fund Services LLC
DKNX uses swap agreements to make bullish bets on DraftKings Inc. (DKNG) share price. DKNG is a digital sports entertainment and gaming company providing users with online sports betting, online casino, daily fantasy sports, retail sportsbook, media, and other consumer products. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in DKNG'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. DKNX fund could potentially lose value over time, even if DKNG'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.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DKNX assets under management is 967.18 K USD. It's fallen 3.28% over the last month.
DKNX fund flows account for 999.98 K USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, DKNX doesn't pay dividends to its holders.
DKNX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Jul 30, 2025, and its management style is Active.
DKNX expense ratio is 1.29% meaning you'd have to pay 1.29% of your investment to help manage the fund.
DKNX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DKNX trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.