The new fund gives traders short term amplified exposure to the US based digital insurance firm.

Defiance ETFs has launched the Defiance Daily Target 2x Long LMND ETF, the first leveraged single stock ETF offering double daily exposure to Lemonade, Inc. The new product aims to deliver 200% of Lemonade’s daily share price movement, before fees and expenses, giving investors a tool to make short term tactical trades on the company’s stock. It forms part of Defiance’s growing range of single stock leveraged ETFs designed for active traders focused on innovative, high growth