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Defiance Daily Target 2X Long SOUN ETF (SOUX)

Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
11.39 USD -0.53 (-4.465%) ⇩ (July 13, 2026, 4 p.m. EDT)

Short-term:⯪☆☆☆☆Long-term:★★⯪☆☆Dividends:⯪☆☆☆☆
Hot Take | July 11, 2026, 3:12 a.m. EDT

This instrument is a leveraged daily ETF that has suffered catastrophic structural failure, rendering it unsuitable for any investment horizon. The price history reveals a precipitous collapse from a peak of $312.38 to the current range of roughly $11-$13, representing a loss of over 96% of its value. This is not a standard drawdown; it indicates the fund has likely failed to maintain its daily compounding mandate, resulting in permanent capital destruction rather than temporary volatility. The recent price action shows a flat, depressed trading pattern near the lows, offering no momentum-based recovery signal. While the dividend yield appears astronomically high at 76%, this is an artifact of the share price collapse relative to a fixed or lagging distribution, not a sustainable income stream. Furthermore, the upcoming 1-for-4 reverse stock split is a mechanical adjustment that does not restore the lost principal or fix the underlying tracking error. For a short-term trader, the lack of volatility and the proximity to zero make it a poor vehicle for leverage. For a long-term holder, the asset has effectively ceased to function as intended, and the multi-year trajectory is one of total erasure. The statistical forecast models correctly identify a weak negative lean, confirming that there is no mathematical edge to enter here.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.272924
AutoETS0.273669
MSTL0.274213
MSTL_440.285496
AutoTheta0.290547

Forecast horizon: 60 days | Selected: AutoARIMA

Forecast Reliability
Score 31%
H-stat 0.77
Ljung-Box p 0.000
Jarque-Bera p 0.106
Excess Kurtosis -1.23

Dividend Data

Dividend History
Date Dividend Yield %
2025-12-30 8.836 19.987333
Additional Data
trailingAnnualDividendRate 0.0
trailingAnnualDividendYield 0.0
dividendYield 76.02

Info Dump

Attribute Value
All Time High 312.38
All Time Low 10.2
Ask 11.49
Ask Size 1
Average Daily Volume10 Day 73,230
Average Daily Volume3 Month 176,637
Average Volume 176,637
Average Volume10Days 73,230
Beta3 Year 0.0
Bid 11.39
Bid Size 1
Category Trading--Leveraged Equity
Crypto Tradeable 0
Currency USD
Custom Price Alert Confidence HIGH
Day High 12.0789
Day Low 11.05
Dividend Yield 76.02
Esg Populated 0
Exchange NGM
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 17.90744
Fifty Day Average Change -6.51964
Fifty Day Average Change Percent -0.36407438
Fifty Two Week Change Percent -89.49447
Fifty Two Week High 312.38
Fifty Two Week High Change -300.99222
Fifty Two Week High Change Percent -0.9635451
Fifty Two Week Low 10.2
Fifty Two Week Low Change 1.1878004
Fifty Two Week Low Change Percent 0.116451025
Fifty Two Week Range 10.2 - 312.38
First Trade Date Milliseconds 1,750,771,800,000
Full Exchange Name NasdaqGM
Fund Family Defiance ETFs LLC
Fund Inception Date 1,750,636,800
Gmt Off Set Milliseconds -14,400,000
Has Pre Post Market Data 1
Ipo Expected Date 2,025-06-24
Language en-US
Legal Type Exchange Traded Fund
Long Business Summary The fund is an actively managed 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 aims to achieve this daily percentage change for a single day, and not for any other period. A “single day” means the period “from the close of regular trading on one trading day to the close on the next trading day.” The fund is non-diversified.
Long Name Defiance Daily Target 2X Long SOUN ETF
Market us_market
Market State PRE
Max Age 86,400
Message Board Id finmb_1916074755
Nav Price 11.9798
Net Assets 12,029,058.0
Net Expense Ratio 1.29
Open 11.9
Pre Market Change -0.57110023
Pre Market Change Percent -4.979078
Pre Market Price 10.8989
Pre Market Time 1,784,031,100
Previous Close 11.92
Price Hint 2
Quote Source Name Nasdaq Real Time Price
Quote Type ETF
Region US
Regular Market Change -0.53219986
Regular Market Change Percent -4.4647636
Regular Market Day High 12.0789
Regular Market Day Low 11.05
Regular Market Day Range 11.05 - 12.0789
Regular Market Open 11.9
Regular Market Previous Close 11.92
Regular Market Price 11.3878
Regular Market Time 1,783,972,800
Regular Market Volume 40,680
Short Name Defiance Daily Target 2X Long S
Source Interval 15
Symbol SOUX
Total Assets 12,029,058
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Peg Ratio None
Trailing Three Month Nav Returns -29.01466
Trailing Three Month Returns -29.01466
Triggerable 1
Two Hundred Day Average 62.657146
Two Hundred Day Average Change -51.26935
Two Hundred Day Average Change Percent -0.8182522
Type Disp ETF
Volume 40,680
Yield 0.76019996
Ytd Return -73.33775