Daily Target 2X Long QS ETF
QSU
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Stephen Foy
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 234 West Florida Street Milwaukee NY United States of America 53204
- IPO Date
- Oct 21, 2025
- CIK
- 0001924868
- Website
- defianceetfs.com
- Similar Companies
- Business
- Tidal Trust II - Defiance Daily Target 2X Long QS ETF (QSU) is an 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 QuantumScape Corporation (NYSE: QS); the fund employs derivatives including swap agreements and listed options contracts, primarily short-dated in-the-money call options, to achieve this leveraged exposure; it is designed strictly for short-term use by knowledgeable active traders and magnifies both gains and losses relative to the underlying security. Launched on October 20, 2025, as the first 2X long ETF focused on QuantumScape, a developer of next-generation solid-state lithium-metal batteries for electric vehicles, QSU operates within the consumer discretionary sector, specifically automobiles and components, with a net expense ratio of 1.31% and total net assets of approximately $23 million as of late 2025. The fund holds positions such as QuantumScape swaps and U.S. Treasury bills, with top holdings comprising over 99% of assets, and is domiciled in the United States under Tidal Trust II, a statutory trust formed in 2022 with headquarters c/o The Corporation Trust Company in Wilmington, Delaware. In October 2025, Defiance ETFs, the sponsor, launched QSU to expand its suite of single-stock leveraged ETFs targeting high-growth companies in innovative sectors like clean energy and electric vehicles, building on prior post-effective amendments to Tidal Trust II's registration statement that added other Defiance leveraged series such as those for AEO, BLSH, DASH, MRNA, BEAM, SBET, OPEN, and EOSE. Tidal Investments LLC serves as the investment adviser, with portfolio managers Christopher Mullen and Stephen Foy overseeing operations since inception, and the ETF trades on U.S. exchanges for domestic investors seeking tactical, amplified upside exposure to QS without margin accounts. No additional major acquisitions, funding rounds, or strategic alliances specific to QSU have been reported since its debut, though Defiance continues to innovate in thematic and leveraged ETF products.