AVXX was created on 2025-10-23 by Defiance. The fund's investment portfolio concentrates primarily on industrials equity. AVXX seeks to deliver 2x leveraged exposure to the daily share price movement of AeroVironment Inc. (NASDAQ: AVAV), net fees and expenses, through derivatives like swap agreements. AVAV specializes in unmanned aircraft systems (UAS), loitering munitions, and robotic solutions for military and commercial use.