Defiance Daily Target 2X Short MU ETF(AMEX:MUZ)

MUZ uses swap agreements and short-dated listed call options to make bullish bets on the share price of Micron Technology, Inc. (NASDAQ: MU). Micron Technology, Inc. designs and manufactures storage semiconductor solutions such as memory chips and storage devices. These storage technologies include DRAM (Dynamic RAM), NAND Flash, NOR Flash, High-Bandwidth Memory (HBM), and Solid-State Drives (SSDs). The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in MU price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility and compounding effects. The fund expects to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.