US SEC approves first 1.75x leveraged long MicroStrategy ETF
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 in MicroStrategy stock. This fund is actively managed and belongs to the leveraged equity ETF category. It is scheduled to launch on July 23rd, 2024, with an expense ratio of 1.29%.
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