Yorkville America Launches 2X Inverse ETF (MNGB) Targeting FRUT

Yorkville America has launched the 2X Inverse MANGOS Plus Daily Target ETF (MNGB), providing traders with -200% of the daily performance of the Yorkville America MANGOS Plus ETF (FRUT). Effective September 21, MNGB gains exposure primarily through swaps and may also use put options, short sales of FRUT shares and FLEX Options. The fund resets daily, meaning compounding and volatility can cause longer-term returns to differ significantly from -2x FRUT’s cumulative performance. MNGB is designed for sophisticated investors seeking short-term bearish exposure or for FRUT holders looking to temporarily hedge their positions without selling. The ETF is listed on NYSE Arca and NYSE Texas and carries a 0.90% expense ratio.