Defiance Daily Target 2X Long B ETF
BU
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Brent Saunders
- Full Time Employees
- 13,300
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 520 Applewood Crescent Vaughan ON United States of America L4K 4B4
- IPO Date
- Nov 18, 2025
- Website
- bausch.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long B ETF (BU) is an actively managed exchange-traded fund that seeks to deliver two times (200%) the daily percentage change in the share price of Barrick Mining Corporation, aiming to provide leveraged exposure on a single-day basis while acknowledging that compounding can impact multi-day returns. The fund uses swap agreements and/or short-dated options to achieve its 2x exposure, with a primary focus on Barrick Mining Corporation as the underlying asset and related equity-market exposure. The manager is Defiance ETFs, and BU trades as an independent US-domiciled ETF with operations centered in the United States, reporting in USD and offering daily liquidity to investors. The fund’s objective is to provide double-long exposure on Barrick’s price movement, not to maintain a long-term 2x track record, and it emphasizes daily reset mechanics to reflect the underlying performance on each trading day. The fund’s launch and ongoing management are oriented toward sophisticated investors seeking tactical leveraged exposure within the precious metals and mining sector, particularly to capitalize on short-term price momentum in Barrick Mining Corporation. Latest major changes include: partnerships or strategic alignments with market makers and distribution partners to ensure liquidity and access in primary and secondary markets; potential updates to the fund’s strategy or derivative usage to optimize daily leverage while managing risk; and ongoing product-level communications around the leverage construct, including any material changes to the underlying methodology or fee structure. BU’s product literature highlights its daily reset feature, the use of derivatives for achieving 2x exposure, and the emphasis on single-day performance rather than long-term replication, reflecting a strategic positioning in the leveraged ETF segment. Industry context and business segments: the fund operates within the leveraged ETF sub-segment of equities and commodity mining exposure, targeting investors seeking short-term directional bets on Barrick Mining’s stock movements. Target markets include institutional and accredited investors, financial advisors, and high-net-worth individuals seeking tactical exposure with daily rebalancing mechanics. Geographic footprint is global in market access, with US-listed product dissemination and potential cross-border accessibility through authorized participants and broker channels. Founding year and headquarters: Defiance ETFs was established to design and manage thematic and strategy-driven ETFs, with headquarters in the United States. The BU product line is one of several daily target leveraged offerings designed to provide structured, rule-based exposure to specific underlying equities or sectors. Subsidiaries and parent relationships: BU is part of Defiance ETFs’ family of exchange-traded funds, leveraging the parent company’s distribution network and product governance framework. The structure positions BU within a broader catalog that includes other Defiance daily target and thematic ETFs, reflecting an integrated approach to leveraged and inverse exposures across asset classes.