Key stats
About Defiance Daily Target 2X Long SOUN ETF
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Inception date
Jun 23, 2025
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
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
SOUX primarily uses swap agreements to make bullish bets on the share price of SoundHound AI, Inc Class A (NASDAQ: SOUN). SoundHound AI develops proprietary conversational intelligence technology, enabling businesses to integrate voice AI into products across industries, such as automotive, TV, and IoT. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in SOUNs share price through daily rebalancing. As a geared product, the fund is designed 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. The funds collateral for its derivatives positions can include the following: US Government securities, money market funds, short-term bond ETFs, corporate bonds, and other investment-grade short-term unsecured promissory notes.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Stocks2.48%
Technology Services2.48%
Bonds, Cash & Other97.52%
Cash89.50%
Mutual fund8.01%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
SOUX assets under management is 8.16 M USD. It's risen 295.43% over the last month.
SOUX fund flows account for 9.77 M 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, SOUX doesn't pay dividends to its holders.
SOUX shares are issued by Toroso Investments Topco LLC under the brand Defiance. The ETF was launched on Jun 23, 2025, and its management style is Active.
SOUX expense ratio is 1.31% meaning you'd have to pay 1.31% of your investment to help manage the fund.
SOUX follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
SOUX invests in cash.
SOUX trades at a premium (0.35%) meaning the ETF is trading at a higher price than the calculated NAV.