This LLYX.US ETF, Defiance Daily 2x Long LLY... recently it's been a bit confusing, barely moved at all, yet it still fell 1.61%? A new stock with just 470 days, really has that 'fresh out of the oven' vibe😂

Total market cap is only $44.9 million, isn't that too tiny... a niche leveraged ETF scene, I was initially worried about liquidity, but last week's turnover hit $15 million?! Turnover rate at 32%, seems decent... but honestly, for these intraday leveraged ETFs, I'm just spectating from the clouds. The moment I think about them being dividend-immune, my heart skips a beat.

And how dare they charge such high fees, that's pretty bold... well, not entirely unreasonable though, after all what's been the craziest ETF combo this year? Long + pharma + high volatility trio... LLY as the pharma heavyweight, a single component stock riding the leader's wave, volatility maxed out

Personally I always feel these ETFs are either for warriors or daredevils, especially during the first 30 minutes pre-market - can they withstand that high-energy oscillation?! I definitely wouldn't dare...

Anyway it's interesting to watch, currently just observing casually, checking data occasionally. The Longbridge community is full of hidden talents, really surprised by how active these products are...