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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 logo

Daily Target 2X Long RCAT ETF

+36.48%$2.80
XNAS:RCAXLeveraged/Inverse
AUM $2.19M·YTD --·Yield --
Daily Target 2X Long RCAT ETF logoXNAS:RCAX$2.80+36.48%
About RCAX

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

  1. RED CAT HOLDINGS, INC.-SWAP-JNST-L36.78%
  2. RED CAT HOLDINGS, INC.-SWAP-NBCB-L36.19%
  3. RED CAT HLDGS SWAP MAREX-L32.86%
  4. RED CAT HOLDINGS, INC.-SWAP-NMRA-L32.85%
  5. RED CAT HLDGS SWAP CS-L32.53%
  6. RED CAT HLDGS SWAP CF-L29.01%
  7. United States Treasury Bill 11/19/202622.89%
  8. First American Government Obligations Fund 12/01/203115.99%
  9. Cash & Other-139.10%
Full holdings, sectors and countries
Dividend History
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Total Invested
$70,000
Final Portfolio
$104,634
Total Return
+$34,634
(+49.5%)
Dividends Reinvested
$0
compounded into portfolio
Defaults are seeded from historical performance and trailing twelve-month yield. Past performance is not a forecast. Feel free to adjust any input to model your own assumptions.
ETF Key Metrics
AUM$2.19M
NAV$2.81
Premium/Discount-0.40%
Expense Ratio1.30%
Market Cap$6.55M
Shares Outstanding250.00K
Inception DateFeb. 2, 2026
Fund Details
IssuerDefiance
Asset ClassLeveraged/Inverse
Beta--
SectorFinancial Services
DomicileUS
52-Week Range
$2.11$31.62
Current: $2.80
Volume
Volume193.21K
Avg Volume83.05K
Vol/Avg2.33x

30d

107.97K

60d

95.83K

90d

85.41K

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