Daily Target 2X Short RGTZ ETF
RGTZ
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- Defiance Daily Target 2X Short RGTI ETF (RGTZ) is an exchange-traded fund that seeks daily inverse leveraged investment results of -200% of the daily percentage change in the share price of Rigetti Computing, Inc. (Nasdaq: RGTI), before fees and expenses. The fund utilizes financial instruments including swaps with counterparties such as Cantor, Nomura, and Marex to achieve this -2x short exposure to RGTI, a quantum computing company; it holds significant cash equivalents, U.S. Treasury bills, and government obligations funds for collateral and liquidity purposes. Launched in October 2025 and listed on Nasdaq effective October 9, 2025, RGTZ operates primarily in the United States with a net expense ratio of 1.29% and targets sophisticated active traders seeking tactical short-term bearish bets on RGTI without margin accounts. RGTZ forms part of Defiance ETFs' lineup of innovative single-stock leveraged products, issued by Defiance, a firm founded in 2018 and headquartered in the United States, specializing in thematic, income, and leveraged exchange-traded funds. The fund maintains a policy to allocate at least 80% of its net assets, plus borrowings, to instruments providing the targeted inverse exposure and is non-diversified, with top holdings reflecting amplified short positions via swaps alongside over 280% allocation to cash and equivalents. It distributes monthly, though recent announcements show no amounts declared as of late 2025, and emphasizes daily use due to leverage decay risks over longer periods. In a recent major development, Defiance announced and launched RGTZ on October 8, 2025, marking it as the first 2x short ETF specifically for Rigetti Computing and expanding the issuer's suite of leveraged single-stock ETFs amid growing interest in quantum computing-related trading vehicles. No subsequent acquisitions, funding rounds, partnerships, or product expansions for RGTZ have been reported through December 2025, with the fund maintaining total net assets around $81 million USD and focusing on U.S. equity markets.