Industry description
The investment seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of Hyperliquid Strategies Inc (Nasdaq: PURR).
The fund is an actively managed exchange traded fund that seeks to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. It aims to achieve this daily percentage change for a single day, and not for any other period. It is non-diversified.