AUM $15.0MER 1.31%NAV $9.16Holdings 9Inception Feb 2026
Price Chart
Key Statistics
Previous Close
$8.29Day Range
$6.62$8.39
52-Week Range
$4.88$26.28
Avg Volume
1.1MDividend Yield
—Expense Ratio
1.31%AUM
$15.0MShares 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 $15.0M 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 | — | Cash & Other | 34.96% | -16,096,998 | $-16096998 |
| 2 | 75644T100-TRS-01/31/33-L-RCAX | RED CAT HOLDINGS, INC.-SWAP-NBCB-L | 11.09% | 425,000 | $5.1M |
| 3 | 75644T100-TRS-02/22/28-L-RCAX | RED CAT HLDGS SWAP CS-L | 10.64% | 407,936 | $4.9M |
| 4 | 75644T100-TRS-05/31/33-L-RCAX | RED CAT HOLDINGS, INC.-SWAP-JNST-L | 10.43% | 400,000 | $4.8M |
| 5 | 75644T100-TRS-02/03/29-L-RCAX | RED CAT HLDGS SWAP MAREX-L | 10.43% | 400,000 | $4.8M |
| 6 | 75644T100-TRS-09/08/28-L-RCAX | RED CAT HLDGS SWAP CF-L | 9.27% | 355,495 | $4.3M |
| 7 | 75644T100-TRS-03/31/33-L-RCAX | RED CAT HOLDINGS, INC.-SWAP-NMRA-L | 8.48% | 325,000 | $3.9M |
| 8 | 912797TE7 | United States Treasury Bill 06/25/2026 | 3.60% | 1,660,000 | $1.7M |
| 9 | FGXXX | First American Government Obligations Fund 12/01/2031 | 1.10% | 504,698 | $505K |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -13.09% | |
| 1W | -21.30% | |
| 1M | +15.67% | |
| 3M | -67.33% | |
| 6M | -67.09% | |
| YTD | -67.09% | |
| 1Y | -67.09% | |
| 3Y | -67.09% | |
| 5Y | -67.09% |
Moving Averages
20-Day MA
$8.68
Below 20-Day MA50-Day MA
$9.80
Below 50-Day MA200-Day MA
$13.41
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$26.28
Current Price
$7.21
52-Week Low
$4.88
$4.88$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.