Defiance ETFs is proud to unveil ORCX, the first 2X long ETF for
Oracle Corporation. ORCX seeks to provide 200% long daily targeted
exposure to Oracle Corporation (NYSE: ORCL) (the “Underlying
Security” or “ORCL”). Defiance’s single-stock ETFs provide
leveraged exposure to disruptive companies without the need for a
margin account.
"Defiance is excited to launch ORCX, which seeks to provide
amplified exposure to Oracle. Oracle’s Stargate initiative is a
game-changer, enhancing multi-cloud connectivity and driving
seamless data integration across platforms. This innovation
enhances Oracle’s position in enterprise AI and cloud
infrastructure, presenting a potential growth avenue for investors
interested in the evolving tech landscape,” said Sylvia Jablonski,
CEO of Defiance ETFs.
The Fund is not intended to be used by, and is not appropriate
for, investors who do not intend to actively monitor and manage
their portfolios. The Fund pursues a daily leveraged investment
objective, which means that the Fund is riskier than alternatives
that do not use leverage because the Fund magnifies the performance
of its Underlying Security. The Fund is not suitable for
all investors. The Fund is designed to be utilized only by
knowledgeable investors who understand the potential consequences
of seeking daily leveraged (2X) investment results, understand the
risks associated with the use of leverage, and are willing to
monitor their portfolios frequently. The Fund is not intended to be
used by, and is not appropriate for, investors who do not intend to
actively monitor and manage their portfolios. For periods longer
than a single day, the Fund will lose money if the Underlying
Security’s performance is flat, and it is possible that the Fund
will lose money even if the Underlying Security’s performance
increases over a period longer than a single day. An investor could
lose the full principal value of his/her investment within a single
day.
An investment in the ETF is not an investment in Oracle
Corporation.
About Defiance ETFs
Founded in 2018, Defiance is at the forefront of ETF innovation.
Defiance is a leading ETF issuer specializing in thematic, income,
and leveraged ETFs.
Our first-mover leveraged single-stock ETFs empower investors to
take amplified positions in high-growth companies, providing
precise leverage exposure without the need to open a margin
account.
Important Disclosures
The fund attempts to provide daily investment results
that correspond to two times (200%) the share price performance of
an underlying exchange-traded fund (an “Underlying Security”). The
Fund is not intended to be used by, and are not appropriate for,
investors who do not intend to actively monitor and manage their
portfolios. The Fund is very different from most mutual funds and
exchange-traded funds. The Fund may not achieve
investment results, before fees and expenses, that correspond to
two times (2x) the daily performance of the Underlying Security,
and may return substantially less during such periods. During such
periods, the Fund's actual leverage levels may differ substantially
from its intended target, both intraday and at the close of
trading, potentially resulting in significantly lower
returns.
The Fund’s investment adviser will not attempt to
position a Fund’s portfolio to ensure that the Fund does not gain
or lose more than a maximum percentage of its net asset value on a
given trading day. As a consequence, if an Underlying Security’s
share price referenced by a Fund decreases by more than 50% on a
given trading day, the corresponding Fund’s investors could lose
all of their money.
Defiance ETFs LLC is the ETF sponsor. The Fund’s investment
adviser is Tidal Investments, LLC (“Tidal” or the “Adviser”).
The Funds' investment objectives, risks, charges, and expenses
must be considered carefully before investing. The prospectus
contains this and other important information about the investment
company. Please read carefully before investing. A hard copy of the
prospectuses can be requested by calling 833.333.9383.
Investing involves risk. Principal loss is possible. As
an ETF, the funds may trade at a premium or discount to NAV. Shares
of any ETF are bought and sold at market price (not NAV) and are
not individually redeemed from the Fund. A portfolio concentrated
in a single industry or country, may be subject to a higher degree
of risk.
Underlying Security Risk. The Fund invests in
swap contracts and options that are based on the share price of
ORCL. This subjects the Fund to certain of the same risks as if it
owned shares of ORCL, even though it does not.
Indirect Investment in ORCL Risk. ORCL is not affiliated with
the Trust, the Fund, or the Adviser, or their respective affiliates
and is not involved with this offering in any way and has no
obligation to consider your Shares in taking any corporate actions
that might affect the value of Shares.
ORCL Trading Risk. The trading price of ORCL may be subject to
volatility and could experience wide fluctuations due to various
factors. Short sellers may also play a significant role in trading
ORCL, potentially affecting the supply and demand dynamics and
contributing to market price volatility. Public perception and
external factors beyond the company’s control may influence ORCL’s
stock price disproportionately.
ORCL Performance Risk. ORCL may fail to meet its publicly
announced guidelines or other expectations about its business,
which could cause the price of ORCL to decline. ORCL provides
guidance regarding its expected financial and business performance,
such as projections regarding sales and production, as well as
anticipated future revenues, gross margins, profitability and cash
flows. Correctly identifying key factors affecting business
conditions and predicting future events is inherently an uncertain
process, and the guidance ORCL provides may not ultimately be
accurate.
Software Industry Risk. The software industry can be
significantly affected by intense competition, aggressive pricing,
technological innovations, and product obsolescence. Companies in
the software industry are subject to significant competitive
pressures, such as aggressive pricing, new market entrants,
competition for market share, short product cycles due to an
accelerated rate of technological developments and the potential
for limited earnings and/or falling profit margins.
Operations and Business Risks. ORCL may be unsuccessful in
developing and selling new products and services, integrating
acquired products and services and enhancing its existing products
and services.
Data Security Risks. If ORCL’s security measures for its
products and services are compromised and as a result, its data,
its customers’ data or its IT systems are accessed improperly, made
unavailable, or improperly modified, ORCL’s products and services
may be perceived as vulnerable, its brand and reputation could be
damaged, the IT services ORCL provides to its customers could be
disrupted, and customers may stop using ORCL’s products and
services, any of which could reduce ORCL’s revenue and earnings,
increase its expenses and expose it to legal claims and regulatory
actions.
Intellectual Property Risks. ORCL relies on copyright,
trademark, patent and trade secret laws, confidentiality
procedures, controls and contractual commitments to protect its
intellectual property. Despite ORCL’s efforts, these protections
may be limited.
Leverage Risk. The Fund obtains investment
exposure in excess of its net assets by utilizing leverage and may
lose more money in market conditions that are adverse to its
investment objective than a fund that does not utilize leverage. An
investment in the Fund is exposed to the risk that a decline in the
daily performance of the Underlying Security will be magnified.
High Portfolio Turnover Risk. Daily rebalancing
of the Fund’s holdings pursuant to its daily investment objective
causes a much greater number of portfolio transactions when
compared to most ETFs.
Liquidity Risk. Some securities held by the
Fund may be difficult to sell or be illiquid, particularly during
times of market turmoil. Markets for securities or financial
instruments could be disrupted by a number of events, including,
but not limited to, an economic crisis, natural disasters,
epidemics/pandemics, new legislation or regulatory changes inside
or outside the United States.
Derivatives Risk. The Fund’s investments in
derivatives may pose risks in addition to, and greater than, those
associated with directly investing in securities or other ordinary
investments, including risk related to the market, leverage,
imperfect daily correlations with underlying investments or the
Fund’s other portfolio holdings, higher price volatility, lack of
availability, counterparty risk, liquidity, valuation and legal
restrictions.
Compounding and Market Volatility Risk. The
Fund has a daily leveraged investment objective and the Fund’s
performance for periods greater than a trading day will be the
result of each day’s returns compounded over the period, which is
very likely to differ from two times (200%) the Underlying
Security’s performance, before the Fund’s management fee and other
expenses.
Fixed Income Securities Risk. When the Fund
invests in fixed income securities, the value of your investment in
the Fund will fluctuate with changes in interest rates. Typically,
a rise in interest rates causes a decline in the value of fixed
income securities owned by the Fund.
Single Issuer Risk. Issuer-specific attributes
may cause an investment in the Fund to be more volatile than a
traditional pooled investment which diversifies risk or the market
generally. The value of the Fund, which focuses on an individual
security, may be more volatile than a traditional pooled investment
or the market as a whole and may perform differently from the value
of a traditional pooled investment or the market as a whole.
New Fund Risk. The Fund is a recently organized
management investment company with no operating history. As a
result, prospective investors do not have a track record or history
on which to base their investment decisions.
Diversification does not ensure a profit nor protect against
loss in a declining market.
Brokerage Commissions may be charged on trades.
Distributed by Foreside Fund Services, LLC
Contact Information:
David Hanono
833.333.9383info@defianceetfs.com
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/9a2f6854-1043-4edc-8250-60065d17e319
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