Industry description
The investment seeks the fund seeks daily investment results, before fees and expenses, of 2 times (200%) the daily percentage change of the common stock of Tesla Inc, (NASDAQ: TSLA).
The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) the daily percentage change of the underlying stock by entering into a swap agreement on the underlying stock. The fund advisor aims to generate 2 times the daily performance of the underlying stock for a single day. It is non-diversified.