Core Viewpoint - Defiance ETFs has launched the Defiance Enhanced Long Vol ETF (VIXI), which aims to provide enhanced total returns by combining long exposure to VIX futures with leveraged short exposure to the S&P 500 Index, targeting periods of high volatility and declining equity markets [1][2]. Group 1: Fund Strategy - VIXI offers active investors a method to gain targeted exposure to market volatility while hedging against downturns in U.S. equities by pairing long VIX futures with a leveraged short position on the S&P 500 [2]. - The fund's long position in VIX futures is designed to capitalize on spikes in volatility, while its leveraged short exposure to the S&P 500 aims to enhance downside protection during equity sell-offs, leveraging the historically inverse relationship between equity markets and volatility [3]. Group 2: Company Background - Defiance, founded in 2018, is recognized for its innovation in the ETF space, specializing in thematic, leveraged, and volatility-based ETFs, including first-mover leveraged single-stock ETFs that allow investors to pursue amplified positions in high-growth companies [6].