US Securities and Exchange Commission (SEC) has approved the first leveraged long MicroStrategy (MSTR) ETF - Defiance Daily Target 1.75X Long MSTR ETF. This ETF seeks to achieve a leverage investment result of 1.75 times (175%) of the daily percentage change of MicroStrategy stock. The fund is actively managed and belongs to the leveraged equity ETF category, and is scheduled to officially launch on July 23, 2024, with an expense ratio of 1.29%.
US SEC approves first 1.75x leveraged long MicroStrategy ETF
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