Frequently Asked Questions About URAX

What does URAX invest in?

The fund is an actively managed ETF that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by entering into swap agreements on the underlying security. The fund is non-diversified.

What is the expense ratio of URAX?

Defiance Daily Target 2X Long Uranium ETF (URAX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

Is URAX a good long-term hold?

URAX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does URAX's daily reset work?

URAX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is URAX?

Defiance Daily Target 2X Long Uranium ETF (URAX) manages $4.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is URAX actively managed or an index fund?

URAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

URAX (Defiance Daily Target 2X Long Uranium ETF) is no longer actively trading.

This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.

URAX

Defiance Daily Target 2X Long Uranium ETF

AMEX·Asset Management · Financial Services

$7.94$0.10−1.23%

Market closed·Apr 16 7:37 PM UTC

Price Chart

$7.94−$0.10 (−1.23%)today

−60.30%CAGR −34.73%

Select date range

FromTo

May 23, 2024May 23, 2024 → Jul 23, 2026· 2.2 yrsJul 23, 2026

Key Metrics

DistributionDividend Tab

Annual Distribution (FWD)$0.00

Distribution Yield (FWD)0.00%

Annual Distribution (TTM)—

Distribution Yield (TTM)0.00%

Distribution Growth (5Y)—

FrequencySpecial

Most Recent$0.43

Ex-Dividend DateDec 31

Payment DateJan 3

DiversificationDiversification Tab

Holdings5

Top 10 Weight100.0%

Top 25 Weight100.0%

Effective Holdings2

Sectors6

Largest Holding37954Y871 TRS 111025 · 176.0%

Largest SectorEnergy · 65.8%

Asset ClassEquity

StrategyLeveraged

Cost & RiskExpenses Tab

Expense Ratio0.95%

Cost per 10k Invested$95.00

AUM$4.38M

Avg Daily Volume21.35K

Price$7.94

NAV$9.37

Premium / Discount−15.26%

52-Week Range$6.00 – $21.09

Beta3.06

Fund Overview

Cost Verdict

Is URAX's expense ratio expensive, average, or a steal for its category?

Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.

Issuer: Defiance
Asset Class: Equity
Strategy: Leveraged
Inception: May 23, 2024
Fund Type: ETF
Domicile: US
Currency: USD
ISIN: US88636J1960
CUSIP: 88636J196

Peers

Peers Tab

DSOC

Innovator Double Stacker ETF – October

Cap

$4.0M

GDVD

R3 Global Dividend Growth ETF

Cap

$4.0M

VIRS

Pacer BioThreat Strategy ETF

Cap

$4.0M

Latest News

News Tab

No recent news available.

Frequently Asked Questions About URAX

What does URAX invest in?: The fund is an actively managed ETF that attempts to achieve two times (200%) the daily percentage change in the share price of the underlying security by entering into swap agreements on the underlying security. The fund is non-diversified.
What is the expense ratio of URAX?: Defiance Daily Target 2X Long Uranium ETF (URAX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.
Is URAX a good long-term hold?: URAX is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.
How does URAX's daily reset work?: URAX rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.
How big is URAX?: Defiance Daily Target 2X Long Uranium ETF (URAX) manages $4.4M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
Is URAX actively managed or an index fund?: URAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.