The funds seek to deliver twice the daily share price movement of POET Technologies and Applied Materials, and are aimed at active, risk-aware traders.

Defiance ETFs, which specialises in thematic, leveraged, and income-generating exchange-traded funds (ETFs),  has expanded its range of single-stock leveraged funds with two separate launches.  Both ETFs are intended for investors who understand the risks associated with daily leverage  The products offer daily leveraged exposure to POET Technologies Inc and Applied Materials Inc, two companies operating in the semiconductor ecosystem. Defiance ETFs said it had begun offering