ASTYDefiance Daily Target 2X Long ASTS ETF
Seeks daily investment results of 200% the daily percentage change in the share price of AST SpaceMobile, Inc. (ASTS).
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What's inside
Fund details
- Where to buy
- Cboe BZX
- Objective
- Seeks daily investment results of 200% the daily percentage change in the share price of AST SpaceMobile, Inc. (ASTS).
- Strategy
- Actively managed ETF aiming for 200% daily exposure to ASTS through derivatives like swaps and options. Utilizes short-dated in-the-money call options and may adjust leverage based on market conditions. Daily rebalancing expected to result in high turnover. The Fund's performance over longer periods may differ significantly from 200% of ASTS's returns due to volatility and compounding effects. Investors should not hold shares unmonitored for longer than a single trading day.
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Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Leveraged single-stock ETF — documented structural drag
Single-stock leveraged ETFs magnify one stock's daily move. Research on these products (Bessembinder et al., 2024) finds 56% posted negative absolute returns over one year, with ~9.5% annual drag versus the underlying stock. Daily rebalancing plus financing costs work against the investor on any holding period longer than a few days.
Source: Bessembinder, Cooper, Zhang — 'Leveraged Single-Stock ETFs' (SSRN 2024)
Why we flagged this: strategy=leveraged + single_stock_wrapper
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Next steps
Data updated on 2026-05-26