Defiance Daily Target 2X Long RGTI ETF is trading 5.4% up today as the underlying stock stabilizes following a period of extreme volatility and reports of insider selling.
- The leveraged product is recovering from a steep drop triggered by a broader tech risk-off move and selling activity by top Rigetti executives.
- Market sentiment is shifting as traders cover short positions and re-allocate capital into beaten-down AI and quantum computing stocks amid modest gains in broader equities.