Two MicroStrategy (MSTR) exchange-traded funds (ETFs) have started up this year. The Defiance Daily Target 1.75X Long MSTR ETF (MSTX), introduced Aug. 15, initially promised investors 1.75 times the daily percentage change in the software maker's share price. The fund saw 176% returns in 2.5 months, prompting the issuer to raise its leverage — and change its name —to 2x.
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