New york: Defiance ETFs, a leader in thematic and leveraged exchange-traded funds, today announced the launch of the Defiance Daily Target 2X Long DRAM ETF (Cboe: DRAL). Now trading, DRAL gives active traders amplified, single-ticker exposure to the semiconductor memory theme that sits at the center of the artificial intelligence buildout.

According to BERNAMA News Agency, DRAL is an actively managed ETF that seeks daily investment results, before fees and expenses, of 200% (2X) of the daily percentage change in the share price of DRAM, the underlying ETF, for a single trading day. It pursues that exposure primarily through swap agreements and listed options contracts, rebalancing daily.