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The Fund seeks daily investment results, before fees and expenses, of two times (200%) the daily percentage change in the share price of MP Materials Corp. (NYSE: MP). The Fund is an actively managed exchange traded fund ("ETF") that attempts to achieve two times (200%) the daily percentage change in the share price of the Underlying Security by employing derivatives, namely swap agreements and/or listed options contracts. The Fund may enter into one or more swap agreements with financial institutions for a specified period, which may range from one day to longer than a year. The Fund may also utilize listed options to seek to achieve leveraged 2X exposure to the Underlying Security. The Fund will primarily employ short-dated (a month or less) in-the-money call options. MP Materials Corp. is a rare earth materials and magnetics producer, operating the only scaled rare earth mining and processing site in the United States, located at Mountain Pass, California.
Defiance Daily Target 2X Long Mp ETF trades on the ARCA stock market under the symbol MPL.
As of April 2, 2026, MPL stock price climbed to $15.10 with 34,742 million shares trading.
MPL has a beta of -1.02, meaning it tends to be less sensitive to market movements. MPL has a correlation of 0.00 to the broad based SPY ETF.
MPL has a market cap of $3.72 million. This is considered a Sub-Micro Cap stock.
MPL support price is $12.88 and resistance is $15.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MPL shares will trade within this expected range on the day.