Defiance ETFs Launches DAMD: the First 2X Short ETF of Advanced Micro Devices, Inc.

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short AMD ETF (DAMD), which aims to provide investors with a tool to express short-term bearish views on Advanced Micro Devices, Inc. (AMD) by delivering -200% of the daily percentage change in AMD's share price [1][2]. Group 1: Investment Objective - The DAMD ETF seeks daily inverse investment results of -200% of the daily percentage change in AMD's share price, focusing solely on single trading days [2]. - The fund is designed for sophisticated traders who understand the risks associated with leveraged investments and are willing to actively manage their portfolios [5]. Group 2: Underlying Stock - Advanced Micro Devices, Inc. (AMD) is a leading global semiconductor company that develops high-performance computing and visualization products for various markets, including data centers, gaming, and embedded systems [3]. - AMD plays a significant role in the artificial intelligence and cloud computing sectors, with its products powering a wide range of devices globally [3]. Group 3: Fund Characteristics - An investment in DAMD does not equate to an investment in AMD itself, and investors will not have any rights related to AMD shares [4][9]. - The fund's performance is subject to risks associated with leverage, including the potential for significant losses if AMD's share price increases [5][10].