Defiance Launches PLTZ: The First 2X Short ETF for Palantir Technologies Inc.

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Short PLTR ETF (Ticker: PLTZ), which is the first 2X short single-stock ETF aimed at providing amplified daily inverse exposure to Palantir Technologies Inc. [1][2] Group 1: Fund Objectives and Structure - PLTZ aims to achieve daily investment results that correspond to -2 times (-200%) the daily percentage change of Palantir's stock price, making it a tactical tool for active traders to express bearish views on Palantir's short-term movements [2][3] - The fund is designed for knowledgeable investors who actively monitor their portfolios, as it pursues a daily inverse leveraged investment objective [3][4] Group 2: Company Background - Palantir Technologies Inc. was founded in 2003 to support U.S. intelligence operations and now provides software solutions for complex data environments across both public and private sectors [1] - The company develops software platforms that integrate data and enhance decision-making for commercial enterprises and government agencies, including defense and intelligence sectors [12] Group 3: Investment Strategy and Risks - The fund utilizes swap contracts and options based on the share price of Palantir, exposing it to risks similar to owning shares of Palantir [8] - The use of derivatives, including swaps and options, introduces additional risks such as market volatility, counterparty risk, and potential lack of liquidity [14][16][17]