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AMA

Defiance Daily Target 2X Long AMAT ETF

Leveraged / InverseNASDAQ-GMDefiance ETF
$20.49
$-0.06 (-0.29%)
Real-time · Sep 4, 2026 4:12 PM ET

Key Statistics

Net Assets (AUM)
$28.56M
Expense Ratio
See prospectus
Previous Close
$18.99
Day Range
$19.71 – $21.06
52-Week Range
$18.11 – $62.00
Volume
260.76K
Avg Vol (50D)
-
Beta
-11.46

Historical Performance

1M
-38.31%
3M
-38.96%
6M
—
YTD
—
1Y
-1.08%
3Y
—
5Y
—

Total return including reinvested distributions, from adjusted closing prices.

Price History

Price history is being compiled for this fund.

Top Holdings

Detailed holdings are compiled from each fund’s latest SEC N-PORT portfolio filing. View this fund’s filings on SEC EDGAR →

About AMA

TheFund is an actively managed exchange traded fund (“ETF”) that attempts to achieve two times (200%) the daily percentagechange in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts.The Fund aims to achieve this daily percentage change for a single day, and not for any other period. A “single day”means the period “from the close of regular trading on one trading day to the close on the next trading day.” Ifthe Fund encounters limitations in implementing its strategies, whether due to market conditions, derivative availability, counterpartyissues, or other factors, the Fund may not achieve investment results, before fees and expenses, that correspond to twotimes (2x) the daily performance of the Underlying Security, and may return substantially less during such periods. During suchperiods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close oftrading, potentially resulting in significantly lower returns. TheFund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one dayto longer than a year. Through each swap agreement, the Fund and the financial institution will agree to exchange the return (ordifferentials in rates of return) earned or realized on the Underlying Security’s share price. The gross return (meaningthe return before deducting any fees or expenses) to be exchanged or “swapped” between the parties is calculated withrespect to a “notional amount,” (meaning the face amount of the instrument) e.g., the return on or change in valueof a particular dollar amount representing the Underlying Security. TheFund may also utilize listed options to seek to achieve leveraged 2X exposure to the Underlying Security. The Fund will primarilyemploy short-dated (a month or less) in-the-money call options (options with strike prices below the current market price of theUnderlying Security, offering immediate intrinsic value). Additionally, the Fund may use other option strategies to produce similarexposure to the Underlying Security, like buying calls and selling puts with identical strike prices. These options allow theFund to adjust its leverage strategy in response to market conditions, liquidity constraints, or other factors that may affectthe availability or pricing of swap agreements. The use of listed options provides additional flexibility in pursuing the Fund’sdaily investment objective. In situations where swap availability is constrained, the Fund may rely more heavily on options contracts.Additionally, the Fund may use options in response to changing market dynamics. However, the use of option contracts is typicallyless efficient than swaps and may increase the likelihood that the Fund is unable to achieve its daily 2X objective. Atthe end of each day, the Fund’s swaps and options are valued using market valuations and the Fund’s investment adviserrebalances the Fund’s holdings in an attempt to maintain leveraged exposure for the Fund equal to approximately 200% ofthe Underlying Security’s share price. Forexamples of a hypothetical investment in the Fund, see the section in the Fund’s Prospectus titled “AdditionalInformation About the Fund – Principal Investment Strategies.” Fundperformance for periods greater than one single day is primarily (but not solely) a function of the following factors: a) theUnderlying Security volatility; b) the Underlying Security’s performance; c) period of time; d) financing rates associatedwith leveraged exposure; and e) other Fund expenses.  TheFund will hold assets to serve as collateral for its derivatives positions. For those collateral holdings, the Fund may investin (1) U.S. Government securities, such as bills, notes and bonds issued by the U.S. Treasury; (2) money market funds; (3) shortterm bond ETFs; and/or (4) corporate debt securities, such as commercial paper and other short-term unsecured promissory notesissued by businesses that are rated investment grade or of comparable quality. TheFund has adopted a policy to have at least 80% exposure to financial instruments with economic characteristics that should perform2X the daily performance of the Underlying Security’s shares. The Fund is expected to allocate between 40% and 60% of itsassets as collateral for swap agreements or as premiums for purchased options contracts. TheFund is classified as “non-diversified” under the 1940 Act. The Fund’s strategy is expected to result in a highannual portfolio turnover rate. Becauseof daily rebalancing and the compounding of each day’s return over time, the return of the Fund for periods longer thana single day will be the result of each day’s returns compounded over the period, which will very likely differ from 200%of the return of the Underlying Security’s shares over the same period. The Fund will lose money if the Underlying Security’sperformance is flat over time, and because of daily rebalancing, the Underlying Security’s shares’ volatility andthe effects of compounding, the Fund may lose money over time while the Underlying Security’s performance increases overa period longer than a single day. As a consequence, investors should not plan to hold shares of the Fund unmonitored for periodslonger than a single trading day. AppliedMaterials, Inc. (“AMAT”) AppliedMaterials, Inc. engages in the provision of manufacturing equipment, services, and software to the semiconductor, display, andrelated industries. The company operates through three segments: Semiconductor Systems, Applied Global Services, and Display andAdjacent Markets. AMAT is listed on Nasdaq. Per AMAT’s most recent Form 10-K filing, the aggregate market value of the votingstock of AMAT held by non-affiliates as of April 28, 2024 was $167.9 billion.   AMATis registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Information provided toor filed with the SEC by AMAT pursuant to the Exchange Act can be located by reference to the SEC file number 000-06920 throughthe SEC’s website at www.sec.gov. In addition, information regarding AMAT may be obtained from other sources including,but not limited to, press releases, newspaper articles and other publicly disseminated documents. Thisdocument relates only to the securities offered hereby and does not relate to the shares of AMAT or other securities of AppliedMaterials, Inc. The Fund has derived all disclosures contained in this document regarding AMAT from the publicly available documents.None of the Fund, the Trust, or the Adviser, or their respective affiliates has participated in the preparation of such publiclyavailable offering documents or made any due diligence inquiry regarding such documents with respect to AMAT. None of the Fund,the Trust, or the Adviser, or their respective affiliates makes any representation that such publicly available documents or anyother publicly available information regarding AMAT is accurate or complete. Furthermore, the Fund cannot give any assurance thatall events occurring prior to the date hereof (including events that would affect the accuracy or completeness of the publiclyavailable documents described above) that would affect the trading price of AMAT (and therefore the share price of the Fund atthe time we price the securities) have been publicly disclosed. Subsequent disclosure of any such events or the disclosure ofor failure to disclose material future events concerning AMAT could affect the value received with respect to the securities andtherefore the value of the securities. Noneof the Fund, the Trust, the Adviser, or their respective affiliates makes any representation to you as to the performance of AMAT. NONEOF THE FUND, TIDAL TRUST II, OR TIDAL INVESTMENTS LLC IS AFFILIATED, CONNECTED, OR ASSOCIATED WITH APPLIED MATERIALS, INC. THEFUND WAS NOT DEVELOPED OR CREATED BY, AND IS NOT SPONSORED, ENDORSED, OR APPROVED BY, APPLIED MATERIALS, INC. Moreover,Applied Materials, Inc. has not participated in the development of the Fund’s investment strategy. Applied Materials, Inc.does not select or approve the Fund’s portfolio holdings, nor does it participate in the construction, design, or implementationof the Fund. Applied Materials, Inc. does not provide any assurances, guarantees, or representations regarding the Fund or itsperformance. Nothing herein shall be construed as an offer of any security by Applied Materials, Inc. Noneof the Fund, the Trust, the Adviser, or their respective affiliates claim any ownership interest in any trademarks owned by AMATor its affiliates. All rights in the trademarks are reserved by their respective owners. Dueto the Fund’s investment strategy, the Fund’s investment exposure is concentrated in the same industry as that assignedto the Underlying Security. As of the date of the Prospectus, AMAT is assigned to the semiconductors and semiconductors equipment  industry.

Prospectus & SEC filings ↗

AMA News

Data for AMA is aggregated from third-party providers (Tiingo, Nasdaq, Finnhub) and SEC filings, may be delayed at least 20 minutes, and may be incomplete or contain errors. Nothing here is investment advice. Verify with the official prospectus before investing.