Defiance Targets Space Economy With 130/30 Long-Short ETF

The Defiance Long/Short Space Economy vs. Legacy Communications ETF uses a 130/30 long-short strategy to capitalize on the growth of the space economy. The actively-managed fund will hold roughly 130% long exposure to companies tied to satellite broadband, direct-to-device connectivity, Earth observation, launch systems, lunar services, and other space-related industries, while maintaining about 30% short exposure to legacy U.S. telecom and cable operators it believes face long-term disruption. The non-diversified fund may use leverage and derivatives, will rebalance primarily each quarter, and is expected to have high portfolio turnover.