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Business

Chandrima Sanyal

Oracle's 40% Moonshot Put Defiance's ORCX ETF On The Map

Oracle Defiance ETF Sylvia Jablonski ORCL Defiance ETFs

Deerfield,-,Circa,June,2019:,Oracle,Corporation,Location.,Oracle,Offers

Oracle Corp‘s (NYSE:ORCL) staggering 40% single-day jump on Wednesday shook Wall Street, and landed Defiance ETFs’ Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) fund in the spotlight. The 2× daily leveraged ETF, created to amplify Oracle’s movements by 200%, put investors front and center of the rally.

When a stock like Oracle rises over 40% in one day, a 2× ETF like ORCX certainly amplifies that movement, and the fund ended Wednesday with 71% gains.

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