- What are the top holdings of RCAX?
- Daily Target 2X Long RCAT ETF holds 9 securities in total. The largest positions and their portfolio weights are listed on the Holdings tab.
- How many holdings does RCAX have?
- RCAX holds 9 positions as reported by the fund's most recent disclosure.
- What sectors does RCAX invest in?
- Daily Target 2X Long RCAT ETF (RCAX) allocates across the sectors shown above. The largest exposure tops the list; the rest follow in descending weight order.
- What sector is RCAX most exposed to?
- RCAX's full sector breakdown is on the Sectors tab. The largest sector weight is shown there along with the rest of the allocation.
- Is RCAX a US-only fund?
- The country allocation card on this page shows RCAX's geographic exposure. Funds with > 95% US weight are effectively US-only; international or global funds will show meaningful weights across multiple countries.
- What does RCAX invest in?
- RCAX is an investment vehicle that utilizes financial derivatives, specifically swap agreements and short-duration call options, to capitalize on anticipated increases in the stock price of Red Cat Holdings, Inc. (RCAT). Red Cat Holdings is an American technology firm specializing in drones, providing unmanned aerial systems and associated software solutions for military, governmental, and commercial clients. The fund's primary objective is to achieve daily leveraged exposure equivalent to double the daily percentage change in RCAT's share value, which is accomplished through a strategy of daily rebalancing. However, investors holding the fund for longer than a single day should be aware that returns may diverge from the expected 2x multiplier, influenced by factors like market volatility, the effects of compounding, or the rebalancing process itself. To back its derivative contracts, RCAX has the option to hold various assets, including U.S. government securities, money market instruments, exchange-traded funds (ETFs) focused on short-term bonds, and investment-grade corporate debt.
