AUM $7.5MER 1.31%NAV $3.02Holdings 9Inception Feb 2026
Price Chart
Key Statistics
Previous Close
$3.18Day Range
$2.78$3.16
52-Week Range
$2.84$26.28
Avg Volume
347.9KDividend Yield
—Expense Ratio
1.31%AUM
$7.5MShares Outstanding
45.9KETF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Country Allocation
| Country | Weight % |
|---|---|
| Other | 100.00% |
Fund Information
- Issuer
- Defiance
- Inception Date
- Feb 2, 2026
- Exchange
- NASDAQ
- Description
- RCAX uses swap agreements and short-dated listed call options to make bullish bets on the share price of Red Cat Holdings, Inc. (RCAT). Red Cat Holdings is a US-based drone technology company providing unmanned aerial systems and related software for military, government, and commercial applications. The fund seeks to maintain daily leveraged exposure equivalent to 200% of the daily percentage change in RCATs price through daily rebalancing. Returns may deviate from the expected 2x if held for longer than a single day due to factors such as volatility, compounding, or rebalancing effects. RCAX may also hold US government securities, money market funds, short-term bond ETFs, and investment-grade corporate debt as collateral for its derivatives positions.
The Daily Target 2X Long RCAT ETF (RCAX) is an exchange-traded fund issued by Defiance that launched on Feb 2, 2026. It currently manages $7.5M in assets under management. The fund charges an expense ratio of 1.31%. The fund holds 9 securities in its portfolio.
Top 10 holdings represent 100.0% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | — | RED CAT HOLDINGS, INC.-SWAP-NBCB-L | 35.33% | 335,000 | $2.7M |
| 2 | — | RED CAT HOLDINGS, INC.-SWAP-NMRA-L | 35.33% | 335,000 | $2.7M |
| 3 | — | RED CAT HLDGS SWAP MAREX-L | 34.81% | 330,000 | $2.6M |
| 4 | — | RED CAT HOLDINGS, INC.-SWAP-JNST-L | 32.17% | 305,000 | $2.4M |
| 5 | — | RED CAT HLDGS SWAP CS-L | 31.82% | 301,681 | $2.4M |
| 6 | — | RED CAT HLDGS SWAP CF-L | 31.38% | 297,538 | $2.4M |
| 7 | — | United States Treasury Bill 08/27/2026 | 26.70% | 2,040,000 | $2.0M |
| 8 | — | First American Government Obligations Fund 12/01/2031 | 5.05% | 384,346 | $384K |
| 9 | — | Cash & Other | -132.59% | -10,094,791 | $-10094791 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -11.48% | |
| 1W | -6.27% | |
| 1M | -50.09% | |
| 3M | -69.84% | |
| 6M | -86.97% | |
| YTD | -86.97% | |
| 1Y | -86.97% | |
| 3Y | -86.97% | |
| 5Y | -86.97% |
Moving Averages
20-Day MA
$4.18
Below 20-Day MA50-Day MA
$6.40
Below 50-Day MA200-Day MA
$11.38
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$26.28
Current Price
$2.81
52-Week Low
$2.84
$2.84$26.28
Current Yield
—
Annual Dividend
—
Frequency
—
Last Ex-Date
—
Dividends
No dividend data available for this ETF.
Category Comparison
No category data available for comparison.
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