AUM $10.4MER 1.31%NAV $4.37Holdings 9Inception Feb 2026
Price Chart
Key Statistics
Previous Close
$3.65Day Range
$3.40$3.75
52-Week Range
$2.21$26.28
Avg Volume
416.2KDividend Yield
—Expense Ratio
1.31%AUM
$10.4MShares 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 $10.4M 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 HLDGS SWAP CF-L | 36.03% | 372,253 | $3.5M |
| 2 | — | RED CAT HLDGS SWAP CS-L | 33.74% | 348,511 | $3.3M |
| 3 | — | RED CAT HLDGS SWAP MAREX-L | 33.46% | 345,619 | $3.3M |
| 4 | — | RED CAT HOLDINGS, INC.-SWAP-NBCB-L | 33.26% | 343,578 | $3.3M |
| 5 | — | RED CAT HOLDINGS, INC.-SWAP-JNST-L | 32.94% | 340,265 | $3.2M |
| 6 | — | RED CAT HOLDINGS, INC.-SWAP-NMRA-L | 31.19% | 322,229 | $3.1M |
| 7 | — | United States Treasury Bill 08/27/2026 | 20.71% | 2,040,000 | $2.0M |
| 8 | — | First American Government Obligations Fund 12/01/2031 | 8.29% | 815,944 | $816K |
| 9 | — | Cash & Other | -129.62% | -12,760,373 | $-12760373 |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -4.76% | |
| 1W | -25.64% | |
| 1M | +17.63% | |
| 3M | -72.12% | |
| 6M | -73.58% | |
| YTD | -84.03% | |
| 1Y | -84.03% | |
| 3Y | -84.03% | |
| 5Y | -84.03% |
Moving Averages
20-Day MA
$3.98
Below 20-Day MA50-Day MA
$4.38
Below 50-Day MA200-Day MA
$10.21
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$26.28
Current Price
$3.48
52-Week Low
$2.21
$2.21$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.
Compare with Another ETF
Search for an ETF to compare with RCAX:
FREE DOWNLOAD
The Beginner's Guide to ETFs
20 pages. Zero fluff. Everything you need to start investing in ETFs.
No spam. Unsubscribe anytime.