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Benzinga
Benzinga
Business
Chandrima Sanyal

New Defiance ETFs Offer 2X Bull And Bear Exposure To IonQ, Oklo And SoundHound AI

Oklo IONQ SOUN Defiance SoundHound AI Defiance ETFs ETF
AI ETFs

As part of its efforts to turbocharge retail trading strategies, Defiance ETFs has launched three new single-stock ETFs offering daily leveraged and inverse exposure to some of the most talked-about tech stocks: IonQ (NYSE:IONQ), Oklo (NYSE:OKLO), and SoundHound AI (NASDAQ:SOUN).

These funds come days after Defiance launched the Daily Target 2x Short PLTR ETF (NASDAQ:PLTZ), the first leveraged inverse fund to focus on Palantir Technologies Inc. (NASDAQ:PLTR). This fund provides short sellers with a new means to double down, literally, on short-term dips in the contentious software company.

The new set includes:

Defiance Daily Target 2X Short IONQ ETF (NASDAQ:IONZ) – a fund aiming for a negative 200% of the day’s action in quantum computing firm IonQ Inc., designed for traders with short-term bearish views on the stock.

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