Defiance ETFs is putting some spark into its product universe with the introduction of the Defiance Daily Target 2X Long LMND ETF (NASDAQ:LMNX), which gives investors the ability to double their daily exposure to Lemonade Inc. (NYSE:LMND), the AI-driven insurance innovator.
The actively managed fund aims to provide 200% of Lemonade’s daily returns, offering investors a high-flying vehicle to bet on short-term optimism in the stock. Intended for daily trading versus long-term ownership, LMNX appeals to sophisticated investors who want to ride momentum in one of the market’s most volatile but innovative insurtech stocks.
