Daily Target 2X Long ORCL ETF (ORCX)
Daily Target 2X Long ORCL ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $23.99, up 10.86% on the session, giving a market capitalisation of $337.8M. Its beta of 6.02 implies it has historically moved more than the broad market.
The Defiance Daily Target 2X Long ORCL ETF, often referred to simply as "the Fund," aims to deliver daily investment returns that are double (200%) the percentage change observed in Oracle Corporation's (NYSE: ORCL) stock price each trading day. Because its strategy involves seeking these specific daily leveraged results, it fundamentally differs from most conventional exchange-traded funds. Consequently, there is no assurance that the Fund will always achieve its stated daily objective. Investors should also be aware that this ETF is not designed to replicate twice the cumulative return of Oracle over periods lasting longer than a single trading day.
Daily Target 2X Long ORCL ETF is most often compared with the following Financial Services names: