Daily Target 2X Long HIMS ETF (HIMZ)
Daily Target 2X Long HIMS ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $31.19, down 3.91% on the session, giving a market capitalisation of $59.3M. Its beta of 4.14 implies it has historically moved more than the broad market.
This exchange-traded fund, officially named the Defiance Daily Target 2X Short HIMS ETF (referred to as "the Fund"), is designed to deliver daily investment performance. Before accounting for fees and expenses, it seeks to provide results that are two times the inverse (-200%) of the day-to-day percentage shifts in the share price of Hims & Hers Health, Inc. (listed on the NYSE as HIMS). Given its strategy of seeking daily inverse leveraged returns, this Fund stands apart from most conventional exchange-traded funds, and there is no assurance that it will consistently meet its stated objective. Investors should be aware that holding this Fund for more than a single trading day means it is unlikely to achieve a cumulative return equal to -200% of HIMS's performance over that extended period.
Daily Target 2X Long HIMS ETF is most often compared with the following Financial Services names: