DV
Dividend Vision

UMAL — Defiance Daily Target 2X Long UMAC ETF

Defiance Daily Target 2X Long UMAC ETF (UMAL)

UMAL carries a 1.31% expense ratio. Total return is 33.1% over the past 0.2 years, 3.2 points behind UMAC at 36.3%.

Defiance Daily Target 2X Long UMAC ETF is a leveraged equity ETF that aims to deliver twice the daily performance of its underlying index through the use of financial derivatives and leverage strategies. The fund does not distribute dividends to shareholders and carries an expense ratio of 1.31%, reflecting the costs associated with its leveraged structure and active management. This ETF is designed for sophisticated traders and investors seeking short-term directional exposure rather than income generation, and the leverage mechanism means daily returns may diverge significantly from longer-term index performance due to compounding effects.

UMAL key facts

Issuer
Defiance ETFs
Asset type
ETF
Asset class
Equity
Expense ratio
1.31%
Distribution frequency
None
Last close
$27.71
AUM
$2,220,115
Average volume
220600.0