Defiance Launches RCAX: The First 2X Long ETF for Red Cat Holdings, Inc.

Core Viewpoint - Defiance ETFs has launched the Defiance Daily Target 2X Long RCAT ETF (RCAX), aimed at active traders seeking amplified exposure to Red Cat Holdings, Inc. (RCAT) [1][2] Group 1: Fund Overview - The RCAX ETF is designed to provide 200% of the daily percentage change in the share price of Red Cat Holdings, allowing traders to express short-term bullish views on RCAT's stock performance [2][3] - The fund is structured as an ETF, providing accessibility and transparency for traders [2] Group 2: Underlying Company - Red Cat Holdings, Inc. is a technology company focused on advanced drone solutions for military, government, and commercial applications, aiming to enhance situational awareness and operational capabilities [4] - RCAT is listed on The Nasdaq Stock Market, indicating its presence in a regulated trading environment [4] Group 3: Investment Strategy - The fund seeks daily investment results of 200% of the daily percentage change in RCAT's share price, emphasizing its short-term investment objective [3] - The fund's performance is strictly for a single trading day, and it does not aim to achieve its investment objective over longer periods [3]