OKLS
Daily Target 2X Short OKLO ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
Defiance Daily Target 2X Short OKLO (Oklo Inc) ETF
Overview
The Defiance Daily Target 2X Short OKLO ETF (OKLS) provides traders with amplified inverse (-2X) daily exposure to Oklo Inc. (NYSE: OKLO), a company developing advanced nuclear micro-reactors and fission power modules aimed at delivering clean, reliable energy.
Investment Objective
The Fund seeks daily inverse investment results, before fees and expenses, of -2 times (-200%) the daily percentage change in the share price of Oklo Inc. (NYSE: OKLO). The Fund does not seek to achieve its stated investment objective for a period other than a single trading day.
Underlying Stock: Oklo Inc.
Oklo Inc. is developing advanced nuclear fission power modules, including compact, efficient micro-reactors designed for clean-energy generation. The company’s progress depends on regulatory approvals, reactor licensing, demonstration deployments, commercial partnerships, and alignment with clean-energy and decarbonization initiatives. Positive developments in any of these areas may significantly increase OKLO’s share price, thereby posing meaningful loss risk to OKLS investors. The Fund is not an investment in Oklo Inc., and investors in the Fund do not possess voting rights, dividend rights, or any other shareholder privileges related to the underlying company.
An investment in OKLS is not an investment in Oklo Inc.
The Fund is not suitable for all investors. The Fund is designed to be utilized only by knowledgeable investors who understand the potential consequences of seeking daily leveraged inverse (-2X) investment results, understand the risks associated with the use of leverage and derivatives, and are willing to monitor their portfolios frequently. The Fund is not intended to be used by, and is not appropriate for, investors who do not intend to actively monitor and manage their portfolios. The Fund pursues daily leveraged inverse investment objectives, which means it is riskier than alternatives that do not use leverage. The Fund magnifies the inverse performance of the Underlying Security—Oklo Inc.—and is designed strictly for short-term use. Because the Fund resets its exposure daily, its performance for periods longer than a single trading day will be the result of compounded daily returns, which will very likely differ from –200% of the return of OKLO over the same period. In periods of elevated volatility, the effects of compounding may be particularly pronounced.
OKLSMarket Price
Performance
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | -39.23% | -39.23% | xx.xx% | xx.xx% | -35.39% |
| Market Price (%) | -38.84% | -38.84% | xx.xx% | xx.xx% | -35.20% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | 22.14% | xx.xx% | xx.xx% | 6.33% |
| Market Price (%) | xx.xx% | 23.01% | xx.xx% | xx.xx% | 5.95% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| YTD | 1 Month | 3 Months | 6 Months | Since Inception | |
|---|---|---|---|---|---|
| Total Return NAV (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -12.95% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% | -13.87% |
| 1 Year | 3 Years | 5 Years | Since Inception | |
|---|---|---|---|---|
| Total Return (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| Market Price (%) | xx.xx% | xx.xx% | xx.xx% | xx.xx% |
| 2025 | |
|---|---|
| Total Return NAV(%) | xx.xx% |
| Market Price (%) | xx.xx% |
Fund Details
Data as of 02/17/2026Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Cash & Other | Cash&Other | $1.00 | 297.74% | 23,200,142 | $23,200,142 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 1.44% | 112,441 | $112,441 |
| United States Treasury Bill 03/19/2026 | 912797PV3 | $99.72 | 0.38% | 30,000 | $29,916 |
| United States Treasury Bill 02/19/2026 | 912797PM3 | $100.00 | 0.33% | 26,000 | $26,000 |
| Oklo Inc Swap Cantor-s | 02156V109-TRS-11/01/28-S-OKLS | $67.39 | -11.16% | -12,909 | $-869,938 |
| Oklo Inc Swap Marex-s | 02156V109-TRS-11/26/28-S-OKLS | $67.39 | -50.84% | -58,783 | $-3,961,386 |
| Oklo Inc Swap Nm-s | 02156V109-TRS-11/27/28-S-OKLS | $67.39 | -68.52% | -79,225 | $-5,338,973 |
| Oklo Inc Swap Cs-s | 02156V109-TRS-01/25/28-S-OKLS | $67.39 | -69.45% | -80,303 | $-5,411,619 |
| Download Fund Documents |
|---|
Distributions
Declaration Date |
Ex-Div Date |
Record Date |
Payable Date |
Amount ($) |
|---|---|---|---|---|
12/29/2026 |
12/30/2026 |
12/30/2026 |
12/31/2026 |
$– |
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| 12/29/2025 | 12/30/2025 | 12/30/2025 | 12/31/2025 | — |
| Distribution Rate *
Payable As of |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
