Defiance 2X Daily Long Pure Drone and Aerial Automation ETF

Cboe: DRNL

Listed March 03, 2026

Overview - The Defiance 2X Daily Long Pure Drone and Aerial Automation ETF (DRNL) provides investors with amplified long exposure to the BITA Pure Drone and Aerial Automation Index, a rules-based index focused on U.S.-listed companies directly involved in drone manufacturing, drone software and avionics, aerial automation, autonomous flight systems, and electric vertical take-off and landing (eVTOL) technologies.

The Index is designed to track companies that derive a majority of their revenue from drone and aerial automation-related activities, including unmanned aerial vehicle (UAV) production, AI-driven piloting systems, aerial data and inspection services, defense drone platforms, and advanced air mobility solutions.

DRNL seeks to deliver 200% of the daily performance of the BITA Pure Drone and Aerial Automation Index, offering active traders a tactical way to express short-term bullish views on drone innovation, autonomous systems, defense modernization, next-generation aviation, and the evolution of urban air mobilitywithout the need for a margin account.

Investment Objective - The Fund seeks daily investment results, before fees and expenses, that correspond to two times (2X) the daily performance of the BITA Pure Drone and Aerial Automation Index (the Index).