Defiance ETFs announced the launch of the Defiance Daily Target 2X Long DKNG ETF (Ticker: DKNX), an innovative exchange-traded fund providing investors with amplified 2X daily exposure to the performance of DraftKings Inc. (DKNG). This fund aims to empower retail investors to capitalize on high-growth opportunities in the sports betting and gaming industry.
DKNX seeks to deliver daily investment results, before fees and expenses, of 200% of the daily performance of DraftKings Inc. through the use of derivatives, including swaps and options. This allows active investors to pursue targeted growth strategies without the need for a margin account.
The launch of DKNX by Defiance ETFs further expands the range of financial products available for investors interested in DraftKings. This indicates a strong market appetite for leveraged exposure to leading companies in the digital sports betting and entertainment sector, potentially increasing the visibility and trading volume of DKNG stock.
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