🔴 RGTX ETF (RGTX) is trading 13.4% down today on aggressive profit-taking after a parabolic multi-day rally

RGTX ETF (RGTX) is trading 13.4% down today on aggressive profit-taking and mean-reversion following a parabolic multi-day rally driven by CHIPS Act funding optimism for Rigetti Computing (RGTI).

• The 2x leveraged vehicle attracted heavy speculative interest after spiking more than 60% on May 21 and 40% on May 22.
• With broader indices trading higher and no new negative catalysts reported, the move appears to be a technical correction after extreme short-term gains.