🔴 Defiance Daily Target 2X Long RGTI ETF is trading 4.5% down today as weakness in Rigetti Computing shares is amplified by its 2x leverage

Defiance Daily Target 2X Long RGTI ETF is trading at $35.30 (-4.47%) as weakness in Rigetti Computing shares is amplified by the fund's 2x leveraged structure.

• The ETF is experiencing outsized losses because it is designed to provide double the daily performance of Rigetti Computing, causing speculative volatility to be significantly magnified.
• Traders are currently fading the recent AI and quantum computing run-up following sharp gains last week, leading to a broader pullback in risk appetite for the sector.
• General pressure on U.S. equities is further weighing on speculative growth exposures, contributing to the downward move in RGTX.