Tidal Trust II – Defiance Daily Target 2X Long POET ETF is a U.S.-domiciled, non-diversified actively managed exchange-traded fund that seeks to provide daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of POET Technologies Inc. (NASDAQ: POET). The Fund offers leveraged, long single-stock exposure intended primarily for active traders seeking short-term bullish exposure to POET Technologies, whose operations focus on photonic integrated packaging solutions for semiconductor and data-communications applications. The Fund does not seek to achieve its stated objective over periods longer than a single trading day and may experience performance divergence from twice POET’s cumulative return over longer holding periods.
The Fund’s principal investment activities comprise obtaining targeted daily leveraged exposure to POET Technologies through derivative instruments, including total-return swap agreements with financial institutions and/or listed options contracts; investing collateral and liquidity reserves in cash, cash equivalents, U.S. Treasury securities, government money-market instruments and other short-term investments; and conducting daily portfolio rebalancing to maintain its targeted 2x exposure. Its investment approach is concentrated in a single underlying issuer and is therefore exposed to POET Technologies’ share-price movements, derivatives counterparty risk, leverage and compounding risk, semiconductor-sector conditions, and day-to-day market volatility.
The Defiance Daily Target 2X Long POET ETF is a series of Tidal Trust II, an open-end management investment company. It is sponsored under the Defiance ETFs brand and managed by Tidal Investments LLC; the Trust’s listed address is Milwaukee, Wisconsin, United States. The Fund was formed on April 30, 2026, operates in the United States, and trades under the ticker symbol POEL on Cboe.
The Fund’s principal recent development is its launch by Defiance ETFs on May 1, 2026, as the first daily 2x-long ETF designed to track POET Technologies’ daily share-price performance. The launch expanded Defiance ETFs’ lineup of single-stock leveraged ETFs and introduced an exchange-traded vehicle through which investors can obtain amplified daily exposure to themes associated with AI infrastructure, high-speed data-center interconnects, photonic integration and optical data-communications technology without using a margin account.