Defiance Daily Target 2X Short PLTR ETF (PLTZ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to -2 times (-200%) the daily percentage change in the share price of Palantir Technologies Inc. (NASDAQ: PLTR); the fund provides amplified inverse daily exposure to PLTR's common stock price as a tactical tool for active traders expressing bearish short-term views, without requiring margin accounts or complex derivatives; it invests primarily in derivatives such as swaps and futures linked to PLTR to achieve its leveraged inverse objective, with performance targeted solely for a single trading day and not longer periods.
Launched on June 5, 2025, PLTZ represents Defiance ETFs' introduction of the first 2X short single-stock ETF focused on Palantir Technologies, expanding the issuer's portfolio of innovative leveraged and thematic products.
Defiance ETFs, founded in 2018 and headquartered in New York, United States, operates as a registered investment advisor and ETF sponsor targeting high-growth sectors through thematic, income, and leveraged strategies; the firm manages PLTZ alongside other single-stock and sector-specific ETFs listed on U.S. exchanges like Nasdaq, serving retail and institutional investors globally with a focus on accessible leveraged exposure.