Yorkville America (MNGB) launched the Yorkville America 2X Inverse MANGOS Plus Daily Target ETF on September 21, 2026, offering -200% daily exposure to the Yorkville America MANGOS Plus ETF (FRUT).
The fund seeks daily investment results, before fees and expenses, equal to -200% of FRUT's daily performance, primarily via swap agreements, with possible use of put options, short FRUT positions, or FLEX options. MNGB resets exposure each trading day, so performance over periods longer than one day can diverge sharply from a simple -200% expectation, especially in volatile markets. The ETF is listed on NYSE Arca and NYSE Texas, carries a 0.90% expense ratio, and is intended exclusively for sophisticated, actively monitoring investors who understand leveraged and inverse ETF risks.