Daily Target 2X Long SOUN ETF
SOUX
NASDAQ Global Select- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
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.- Similar Companies
- Business
- Defiance Daily Target 2X Long SOUN ETF (SOUX) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% the daily percentage change in the share price of SoundHound AI, Inc. (NASDAQ: SOUN). The fund achieves its leveraged exposure through derivatives including total return swaps with counterparties such as Cantor, Marex, Clearstreet, and Nomura, alongside holdings in U.S. Treasury bills and cash equivalents; it does not invest directly in SOUN shares. Launched on June 23, 2025, and listed on NASDAQ, SOUX targets investors seeking amplified daily performance from the underlying voice AI technology provider, with a net expense ratio of 1.29% and assets under management around $27 million as of mid-2025. SOUX forms part of Defiance ETFs' suite of leveraged single-stock products, issued by Defiance ETFs LLC, a specialist in thematic, income, and leveraged exchange-traded funds founded in 2018 and headquartered in Miami, Florida. Defiance ETFs operates primarily in the United States, offering ETFs that provide precise leverage to high-growth companies across sectors like technology, fintech, and digital assets without requiring margin accounts. The firm manages approximately $1.4 billion in assets across four investment company clients, focusing on retail and institutional investors interested in disruptive innovations. In June 2025, Defiance ETFs launched SOUX alongside companion first-mover single-stock leveraged ETFs IONZ (2X Short IONQ) and OKLL (2X Long OKLO), expanding its innovative lineup of daily target 2X products. Subsequent launches in 2025 include JPX (2X Long JPMorgan Chase) in July and YBMN (option income overlay on BitMine Immersion Technologies) in November through a strategic partnership with Milliman Financial Risk Management. These developments reflect Defiance's accelerated product innovation and alliances in leveraged and income-focused strategies amid growing demand for single-stock amplification.