Daily Target 2X Long MP ETF
XPM
NASDAQ Global Market- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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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
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Christopher P. Mullen
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 234 West Florida Street Milwaukee NY United States of America 53204
- IPO Date
- Oct 24, 2025
- CIK
- 0001924868
- Website
- defianceetfs.com
- Similar Companies
- Business
- Defiance Daily Target 2X Long PM ETF (XPM) is an actively managed exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 200% of the daily percentage change in the share price of Philip Morris International Inc. (NYSE: PM), a leading global tobacco company focused on cigarettes, smoke-free products, and related devices; the fund achieves this leveraged exposure primarily through swap agreements with financial institutions and listed options contracts, without requiring investors to maintain a margin account. Launched on September 3, 2025, XPM operates within the trading-leveraged equity category, targeting sophisticated investors aware of the risks associated with daily leverage strategies, which may result in amplified losses or deviations from the target over periods longer than one day. With total net assets of approximately $464,000, a net expense ratio of 1.31%, and holdings including Philip Morris swaps from counterparties such as Cantor and CS, alongside U.S. Treasury bills and cash equivalents, the ETF provides precise intraday and daily exposure to PM's performance amid its transition to reduced-risk products across more than 180 markets. XPM forms part of the broader portfolio of Defiance ETFs, a Miami, Florida-based issuer founded in 2018 and headquartered at 78 SW 7th St., specializing in thematic, income, and first-mover leveraged single-stock ETFs that offer amplified positions in high-growth companies. Defiance ETFs manages over $1.4 billion in assets across multiple funds, emphasizing innovation in sectors like technology, fintech, and consumer staples, with geographic focus on U.S. investors through Nasdaq listings. The firm has no reported parent company or major subsidiaries directly tied to XPM. In recent developments, Defiance ETFs announced on December 17, 2025, the closure of XPM alongside JPX and VIXI funds, reflecting strategic portfolio optimization amid low assets under management for these newer single-stock leveraged products launched in 2025. Earlier in 2025, Defiance expanded its lineup with launches such as the Battleshares ETFs including ELON (Tesla vs. Ford) in February, JPX (2X Long JPMorgan) in July, IONZ, OKLL, and SOUX in June, OKLS (2X Short OKLO) in November, and partnerships like the November YBMN Option Income ETF with Milliman Financial Risk Management targeting weekly income on BitMine Immersion Technologies. These moves underscore Defiance's aggressive innovation in leveraged and competitive thematic strategies, including a February expansion into fintech via Defiance Analytics SaaS for ETF distribution.