A pair of frequent ETF collaborators are teaming up to launch one leveraged single stock fund, and they're also prepping four more.

Sylvia M. Jablonski Kampaktsis Defiance ETFs CEO, Chief Investment Officer

Yesterday, Sylvia Jablonski, CEO of Defiance ETFs [profile], unveiled the debut of the Defiance Daily Target 2X Long LLY ETF (LLYX on the NYSE Arca), powered by Tidal Investments LLC [profile] and Defiance. The duo also filed for several similar planned ETFs: the Defiance Daily Target 1.75X Long MSTR ETF (MSTX on the Nasdaq); the Defiance Daily Target 2X Long PANW ETF (PANX on the Nasdaq); the Defiance Daily Target 2X Long SMCI ETF (SMCX on the Nasdaq); and the Defiance Daily Target 2X Long NVOETF (NVOX on the NYSE Arca).

Tidal will serve as investment advisor to the new ETF and the four planned ETFs, while Defiance Group Holdings LLC will serve as sponsor. The funds will be PMed by two Tidal portfolio managers, Qiao Duan and Christopher Mullen.

LLYX is a series of Tidal Trust II, and NVOX, SMCX, PANX, and MSTX will be series that trust, too. They'll all share the same expense ratio, too: 129 basis points.

The new fund's inception date was Wednesday (August 7). It had $1.19 million in AUM as of yesterday (August 8).

Each of the five funds is designed to magnify the daily returns of a specfic individual stock. LLYX is designed to offer 200 percent of the daily returns of Eli Lilly and Company (LLY). MSTX will offer 175 percent of the daily returns of MicroStrategy Incorporated (MSTR on the Na), PANX will offer 200 percent of the daily returns of Palo Alto Networks, Inc. (PANW), SMCX will offer 200 percent of the daily returns of Super Micro Computer, Inc. (SMCI), and NVOX will offer 200 percent of the daily returns of NOVO Nordisk (NVO).

Jablonski notes that Eli Lilly is "a company at the forefront of the weight loss revolution with GLP-1 receptor agonists."

"We believe the advancements in GLP-1 therapies represent a multi-trillion-dollar opportunity, and we are excited to provide investors with a groundbreaking trading tool to participate in this transformative sector," Jablonski states.

The five funds' other service providers include: Cohen & Company, Ltd. as independent accounting firm; ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant, sub-administrator, and transfer agent; and U.S. Bank National Association as custodian. 

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