Defiance Daily Target 2X Long AVAV ETF (AVXX) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to two times (200%) the daily percentage change in the share price of AeroVironment Inc. (NASDAQ: AVAV), a leading developer of unmanned aircraft systems (UAS), tactical missile systems, loitering munitions, and related defense technologies; the fund achieves this leveraged exposure primarily through swap agreements, listed options contracts, and other derivatives rather than direct investment in AVAV shares, allocating typically 40% to 60% of assets as collateral for swaps or premiums for options. Launched on October 23, 2025, and listed on NASDAQ, AVXX targets active traders seeking amplified bullish exposure to the aerospace and defense sector without requiring a margin account, though it carries heightened risks due to daily leverage resets and potential for significant losses over periods longer than one day. Defiance ETFs LLC, the fund's issuer and sponsor founded in 2018 and headquartered in Miami, Florida, with operational offices in New York, specializes in thematic, income, and leveraged single-stock ETFs across high-growth sectors; the firm offers a suite of similar daily 2x long and short ETFs focused on innovative companies in technology, semiconductors, and defense, empowering investors with precise tactical positioning. In late 2025, Defiance expanded its leveraged ETF lineup with the launch of AVXX alongside complementary products such as the Defiance Daily Target 2X Long AVGO ETF (AVGX), reinforcing its leadership in single-stock leveraged strategies amid rising demand for non-margin alternatives in volatile markets; no major acquisitions, funding rounds, or strategic alliances specific to AVXX have been announced as of December 2025.