Defiance 2X Daily Long Pure Quantum ETF
QPUX
NASDAQ- -
USD
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Capital Structure
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street, Suite 700 Milwaukee WI United States of America 53204
- IPO Date
- Aug 7, 2025
- CIK
- 0001924868
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance 2X Daily Long Pure Quantum ETF is a U.S.-listed, non-diversified exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the daily performance of an actively managed portfolio of generally five to ten “pure quantum” company securities. Trading on The Nasdaq Stock Market under the ticker QPUX, the fund provides leveraged, tactical exposure to companies deriving at least 50% of annual revenue from, or maintaining meaningful operating activities in, quantum computing or machine learning, including developers of quantum hardware and software, quantum communications systems, quantum-enabled technologies, quantum sensors, advanced quantum materials and related enabling components. The portfolio primarily targets U.S.-listed large-cap companies, including American depositary receipts of foreign issuers, and may include secondary technology companies that develop, support or apply quantum-computing technologies when the eligible pure-quantum universe is insufficient. QPUX generally equal-weights its underlying target-portfolio securities, rebalances that portfolio daily, reviews or replaces the target portfolio at least quarterly, and may make interim adjustments in response to material company, industry, market, liquidity or regulatory developments. The fund obtains its approximately 200% daily exposure principally through swap agreements with financial institutions and may use short-dated in-the-money listed call options and other option strategies; collateral may include U.S. government securities, money market funds, short-term bond ETFs and investment-grade corporate debt securities. The fund has adopted a policy to invest at least 80% of net assets in instruments designed to provide 2x daily performance of its Pure Quantum Companies portfolio and charges a 1.29% management fee. QPUX is designed for knowledgeable, actively monitoring investors, as daily rebalancing, leverage, market volatility, derivative costs and compounding can cause returns over periods longer than one trading day to differ materially from twice the underlying portfolio’s cumulative return. QPUX was launched in August 2025 and is part of the quantum-focused ETF suite offered by Defiance ETFs, a Miami-headquartered thematic, income and leveraged ETF issuer founded in 2018. In June 2026, Defiance expanded this suite with the launch of the Defiance Long Pure Quantum ETF, ticker QTUP, an actively managed unleveraged fund targeting early-stage quantum-computing companies; the expansion positions QPUX as the suite’s leveraged vehicle alongside the broad Defiance Quantum ETF, ticker QTUM, and QTUP’s early-stage exposure.