Defiance ETFs has expanded its lineup of single-stock leveraged products with the launch of two new funds offering amplified daily exposure to Rocket Companies Inc (NYSE:RKT) and Intuitive Machines Inc (NYSE:LUNR), underscoring the firm's continued focus on high-volatility names favored by short-term traders.
The newly launched Defiance Daily Target 2X Long RKT ETF (BATS:RKTL) and Defiance Daily Target 2X Long LUNR ETF (BATS:LUNL) are designed to deliver 200% of the daily percentage change in the share prices of Rocket Companies, Inc. and Intuitive Machines, Inc., respectively, before fees and expenses. Both funds reset daily and are not intended to meet their stated objectives over periods longer than a single trading session.
RKTL targets Rocket Companies, the financial technology firm best known for its digital mortgage origination platform. Rocket provides a range of mortgage, refinancing, and personal finance services through a technology-driven ecosystem aimed at streamlining the home-buying process.
With housing affordability, interest-rate expectations, and mortgage demand remaining highly sensitive to macroeconomic data, Rocket's stock has often seen sharp moves, making it a candidate for tactical trading strategies rather than long-term positioning.
LUNL, meanwhile, offers leveraged exposure to Intuitive Machines, a space exploration and infrastructure company focused on lunar access and services. Intuitive Machines designs and operates lunar landers, delivers payloads to the Moon, and develops communications and navigation systems to support government, scientific, and commercial missions. As a prominent participant in the emerging lunar economy, the company's stock has drawn heightened attention around mission milestones, NASA-related developments, and broader investor enthusiasm for space and defense-linked themes.
Defiance said the launches reflect growing demand among active traders for exchange-traded products that allow them to express short-term, directional views on individual stocks without using margin accounts or derivatives directly.
Single-stock leveraged ETFs have gained traction in recent years, particularly among sophisticated retail traders seeking transparent, exchange-listed vehicles tied to well-known, volatile equities.
Like other daily leveraged ETFs, both RKTL and LUNL carry elevated risk and are designed for experienced traders who actively monitor their positions.
With the addition of RKTL and LUNL, Defiance continues to broaden its suite of leveraged ETFs, tapping into investor appetite for tactical tools tied to fast-moving sectors ranging from fintech and housing to space exploration.
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