Defiance ETFs has added a new single stock leveraged product to its range, giving traders a way to take amplified short-term positions in Red Cat Holdings.
Defiance said it has launched the Defiance Daily Target 2X Long RCAT exchange traded fund (ETF) (RCAX). The fund is designed to deliver 200% of the daily percentage change in the share price of Red Cat Holdings, Inc., before fees and expenses. RCAX is built for short term trading rather than long-term holding As per Defiance ETFs, RCAX is built for short term trading rather than long-term holding. The fund resets its leverage daily, meaning it aims to match two times the daily move in Red Ca