Yorkville Launches 2X Daily Leveraged ETF Tied to FRUT

Yorkville America launched the 2X Long MANGOS Plus Daily Target ETF (MNGZ), offering sophisticated traders 200% of the daily performance of its MANGOS Plus Index ETF (FRUT), before fees and expenses. MNGZ primarily uses swaps, with FLEX options and direct FRUT holdings also permitted, and resets its leverage each trading day. Because daily compounding can cause longer-term returns to differ substantially from twice FRUT’s cumulative performance, Yorkville positions MNGZ as a short-term trading tool requiring active monitoring. The ETF began trading Sept. 17 on NYSE Arca and NYSE Texas and carries a 0.90% management fee.