Industry description
The investment seeks daily investment results, before fees and expenses, of -2 times (-200%) the daily percentage change of the common stock of MicroStrategy Inc. (NASDAQ: MSTR).
The fund is an actively managed exchange traded fund that attempts to replicate 2x the inverse (-200%) daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock. The fund is non-diversified.