🔴 Defiance Daily Target 2X Long RGTI ETF is trading 3.33% down today on Rigetti insider selling and tech risk-off sentiment

Defiance Daily Target 2X Long RGTI ETF is trading at $31.31 (-3.33%) as selling in its underlying stock continues following reports of heavy insider selling by top executives.

• The decline extends a sharp drawdown for the leveraged product, which closed down -20.63% during the previous session on June 3.
• Investor sentiment has been further pressured by a broader risk-off tone across growth and technology sectors, which typically amplifies volatility in 2x leveraged ETFs.
• The primary catalyst remains stock-specific weakness in Rigetti Computing (RGTI) as investors react to executive share offloading.