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LCTD

$--
--%
1d
1w
1m

Analysis and statistics

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About

LCTD.US refers to the Defiance Daily Short Innovative Biotech ETF. This ETF provides daily -1x inverse exposure to the BITA Biotechnology Innovators Index, meaning it is designed to deliver the opposite of the index's daily performance. It is a leveraged and inverse ETF, intended for sophisticated investors seeking short-term exposure to the biotech sector and should not be considered a long-term investment. The fund uses financial instruments such as swap agreements to achieve its investment objective. Because of its daily reset and leveraged nature, its performance over periods longer than one day can deviate significantly from the underlying index's inverse performance.
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Factors

Fund Holdings' Value: LCTD.US's price reflects the net asset value (NAV) of its underlying holdings, primarily US large-cap stocks.

Supply and Demand: Market forces of buying and selling pressure influence LCTD.US's price relative to its NAV.

Expense Ratio: The ETF's expense ratio, while small, impacts its long-term return and price compared to a hypothetical unmanaged portfolio.

Tracking Error: How closely LCTD.US mirrors its target index affects its price performance; deviations can occur.

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