Daily Target 2X Short PLTR ETF (PLTZ)
Daily Target 2X Short PLTR ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $10.29, up 4.15% on the session, giving a market capitalisation of $23.4M. Its beta of -1.36 implies it has historically moved less than the broad market.
The Defiance Daily Target 2X Short PLTR ETF, referred to as "the Fund," is engineered to deliver daily returns that correspond to two times the inverse movement (-200%) of the daily performance of Palantir Technologies Inc. (NYSE: PLTR) shares, before factoring in fees and expenses. Its unique strategy of seeking daily inverse leveraged returns sets it apart from typical exchange-traded funds. Consequently, there's no assurance it will consistently achieve its stated objective. It's crucial to understand that this Fund's design is strictly for single-day performance; investors should not expect its cumulative return over periods longer than one trading day to simply be -200% of PLTR's total return, due to the effects of daily compounding.
Daily Target 2X Short PLTR ETF is most often compared with the following Financial Services names: