🔴 RGTX is trading 4.5% down today as underlying Rigetti Computing (RGTI) extends its multi-day decline

RGTX is trading 4.5% down today as the 2x leveraged ETF tracks a sharp multi-day selloff in its underlying asset, Rigetti Computing (RGTI).

• The fund's leveraged structure is magnifying the underlying stock's losses, resulting in outsized downside for RGTX compared to the spot price of RGTI.
• Traders are repricing quantum-computing exposure amid broader tech sector softness and a rotation out of speculative growth stocks.
• The decline follows increased volatility and options activity in RGTX-linked products as market participants adjust to the recent downward momentum.