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How LLYX Works: The Mechanics of the Defiance Daily Target 2X Long LLY ETF
The Defiance Daily Target 2X Long LLY ETF (NYSE Arca: LLYX) seeks daily investment results, before fees and expenses, corresponding to approximately 200% (2x long) of the daily performance of Eli Lilly and Company (NYSE: LLY). The ETF is designed to provide traders with amplified exposure to one of the world's largest pharmaceutical and biotechnology companies, which has become a major beneficiary of innovation in obesity treatments, diabetes therapies, neuroscience, immunology, and precision medicine.
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