Daily Target 2X Long AVGO ETF
AVGX
NASDAQ Global Market- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 4350 La Jolla Village Drive, Suite 670 San Diego CA United States of America 92122
- IPO Date
- Aug 22, 2024
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long AVGO ETF (AVGX) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Broadcom Inc. (NASDAQ: AVGO), utilizing swap agreements and other derivatives rather than direct investment in the underlying security. The fund offers leveraged exposure to Broadcom, a global leader in semiconductor solutions and infrastructure software with applications in AI data centers, cloud computing, cybersecurity, and automation; it emphasizes daily targeted performance suitable only for sophisticated investors who actively monitor positions, given risks of principal loss even if AVGO rises over multi-day periods. AVGX trades on Nasdaq, with holdings including multiple Broadcom swap contracts from counterparties such as MS, CS, CAN, Marex, BMO, and NM, United States Treasury Bills, government obligations funds, and cash equivalents. Launched on August 21, 2024, AVGX represents Defiance ETFs' innovation in single-stock leveraged products, launched alongside the similar SMCX ETF for Super Micro Computer as the first such U.S.-listed offerings on these AI-enabling tech leaders. Defiance ETFs, founded in 2018 and headquartered in Miami, Florida, operates as an independent issuer focused on thematic, income, and leveraged strategies across approximately 50+ ETFs targeting disruptive sectors like AI, quantum computing, and machine learning. Recent developments include a January 2025 update to 2024 year-end distributions, declaring $0.26239935 per share payable January 3, 2025 (ex-date December 31, 2024), with monthly distribution frequency; additionally, Defiance announced a November 2025 partnership with Milliman Financial Risk Management to launch YBMN, the first options-income ETF overlay on BitMine Immersion Technologies (BMNR), expanding its income-focused offerings while maintaining leadership in leveraged single-stock ETFs through new launches like JPX (2X Long JPMorgan) in July 2025.