2x Daily Software Platform ETF
SOFL
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
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.- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Investment - Banking & Investment Services
- Address
- United States of America
- IPO Date
- Jul 2, 2025
- CIK
- 0001722388
- Similar Companies
- Business
- 2x Daily Software Platform ETF (SOFL) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times (2x) the performance of the AOT VettaFi Software Platform Index for a single trading day. The fund employs derivatives, including total return swaps on the index and listed options contracts, to achieve its leveraged daily exposure objective; it is collateralized primarily by U.S. Treasury bills, cash equivalents, and short-term instruments. Launched on July 1, 2023, and listed on NYSE Arca, SOFL targets sophisticated traders seeking magnified short-term returns from software platform companies, with an expense ratio of 1.29%; the fund is managed by AOT Invest LLC as adviser and Tidal Investments LLC as part of Tidal Trust III, headquartered in New York. The AOT VettaFi Software Platform Index, which SOFL tracks at 2x leverage, comprises approximately 50 rules-based selected U.S. and global companies where software platforms form the core infrastructure for digital applications, service delivery, and operations; constituents are chosen based on quality factors, market presence, and at least 20% revenue from software-driven activities, weighted by float-adjusted market cap with turnover controls. The fund resets its exposure daily, making it unsuitable for long-term holding due to compounding effects, volatility, and potential deviation from 2x index returns over periods longer than one day; geographic allocation emphasizes North America with global exposure reflected in index holdings. In September 2025, Tidal Financial Group and AOT Invest announced the closure and liquidation of SOFL, with trading halted on the NYSE at the close of business on October 6, 2025, and final cash distributions to remaining shareholders by October 10, 2025; this decision followed a comprehensive review deeming liquidation the optimal path for shareholders amid low assets under management of approximately $1.14 million. Prior to closure, the fund maintained synthetic replication without direct equity holdings, focusing on index swaps from providers like Marex Inc.; no significant partnerships, acquisitions, or new product launches were reported in the prior two years beyond its initial July 2023 inception and standard operational updates.