Defiance Daily Target 2x Short PLTR ETF

PLTZ

Market cap $10.3M

Wall Street's best trade this month wasn't owning a hot stock. It was betting against one — and not just any stocks, but three of the most-watched high-flyers on the market: Palantir Technologies Inc. (NASDAQ:PLTR ), Strategy Inc. (NASDAQ:MSTR ) and Rocket Lab Corp. (NASDAQ:RKLB ).

Leveraged ETFs tied to natural gas and short bets on quantum and miners surged last week amid Fed jitters and sector rotation.

PLTZ, SMST, IONZ, CONI and SMCZ witness double-digit gains as the S&P 500 logged its longest losing streak of 2025 on tech-driven weakness.

Three summers ago, single-stock leveraged and inverse ETFs hit the market when AXS investments rolled out the first such fund in July 2022. Products from the likes of Direxion Investments, REX Shares, Leverage Shares, Defiance, and others followed rapidly.