Defiance ETFs has added a leveraged single stock product to its lineup, offering traders a way to take short-term bearish positions on AST SpaceMobile shares.

Defiance ETFs has launched the Defiance Daily Target 2X Short ASTS exchange-traded fund (ETF), trading under the ticker ASTN. The fund is designed to deliver minus two times (-200%) the daily percentage change in the share price of AST SpaceMobile. ASTN is structured as a daily inverse product and is not intended to be held for periods longer than one trading session ASTN is structured as a daily inverse product and is not intended to be held for periods longer than one trading session. As p