The KraneShares 2x Long JD Daily ETF (KJD) is a specialized, short-term financial instrument crafted for investors aiming to profit from daily increases in the American Depositary Receipt (ADR) price of JD. It endeavors to achieve twice the daily return of JD, net of all costs, by utilizing both direct holdings of JD and derivative contracts like swaps. The fund maintains its intended leverage through daily portfolio adjustments.