Defiance Daily Target 2x Long RCAT ETF (RCAX): ETF
ETF traded on XNAS under symbol RCAX. Quoted in usd.
Daily Target 2X Long RCAT ETF
RCAX is an investment vehicle that utilizes financial derivatives, specifically swap agreements and short-duration call options, to capitalize on anticipated increases in the stock price of Red Cat Holdings, Inc. (RCAT). Red Cat Holdings is an American technology firm specializing in drones, providing unmanned aerial systems and associated software solutions for military, governmental, and commercial clients. The fund's primary objective is to achieve daily leveraged exposure equivalent to double the daily percentage change in RCAT's share value, which is accomplished through a strategy of daily rebalancing. However, investors holding the fund for longer than a single day should be aware that returns may diverge from the expected 2x multiplier, influenced by factors like market volatility, the effects of compounding, or the rebalancing process itself. To back its derivative contracts, RCAX has the option to hold various assets, including U.S. government securities, money market instruments, exchange-traded funds (ETFs) focused on short-term bonds, and investment-grade corporate debt.
Largest holdings
- RED CAT HOLDINGS, INC.-SWAP-JNST-L36.78%
- RED CAT HOLDINGS, INC.-SWAP-NBCB-L36.19%
- RED CAT HLDGS SWAP MAREX-L32.86%
- RED CAT HOLDINGS, INC.-SWAP-NMRA-L32.85%
- RED CAT HLDGS SWAP CS-L32.53%
- RED CAT HLDGS SWAP CF-L29.01%
- United States Treasury Bill 11/19/202622.89%
- First American Government Obligations Fund 12/01/203115.99%
- Cash & Other-139.10%
30d
107.97K
60d
95.83K
90d
85.41K