Defiance Daily Target 2X Long RGTI ETF(NASDAQ:RGTX)

RGTX uses swap agreements to make bullish bets on Rigetti Computing (RGTI) share price. Rigetti Computing is a company that designs and develops integrated quantum computing systems and software.The company leverages its proprietary quantum processors and cloud-based platform to deliver quantum computing as a service. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in RGTI's share price through daily rebalancing. As a leveraged product, it is designed for short-term tactical use, not as a long-term investment vehicle. Returns may deviate from the expected 2x if held longer than a single day due to factors like volatility and compounding effects. This strategy is high-risk and does not incorporate a defensive position. RGTI could potentially lose value over time, even if RGTI's performance is strong. It is expected to invest in US Government securities, money market funds, short-term bond ETFs, and corporate debt as collateral.