🟢 Defiance Daily Target 2X Long RGTI ETF is trading 5.7% up today after sharp rebound in Rigetti Computing

Defiance Daily Target 2X Long RGTI ETF is trading 5.7% up today as the fund recovers from steep losses recorded earlier in the week.

• The upward move reflects a bounce in the underlying share price of Rigetti Computing (RGTI) rather than a broad macroeconomic or sector-wide trend.
• Due to the fund's daily 2x leverage on a single stock, modest buying activity in Rigetti translates into amplified volatility and outsized percentage gains for the ETF.
• This rebound follows a period of significant downward pressure, highlighting the high-risk, high-reward nature of leveraged single-stock instruments.