Defiance 2X Daily Long Pure Quantum ETF (QPUX)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
31.58 USD
+0.01
(0.040%)
⇧
(June 12, 2026, 4 p.m.
EDT)
After hours: 32.07 +0.49 (1.543%) ⇧ (June 12, 2026, 6:50 p.m. EDT) |
Hot Take ↕ | June 7, 2026, 4:09 a.m. EDT
This instrument presents a classic leverage trap. The Defiance 2X Daily Long Pure Quantum ETF is currently trading at a massive discount to its recent highs, having fallen from nearly $269 to around $43-50. While the recent price action shows a volatile recovery, the underlying asset is a leveraged product tracking a sector (Quantum Computing) that has seen no sustained commercial adoption or revenue growth to date. The lack of any dividend history and the severe drawdown from previous peaks suggest the market is punishing the lack of tangible earnings. Options data confirms a defensive stance, with traders buying protection against further downside while hoping for a bounce, but the structural reality remains that leveraged ETFs decay rapidly in choppy or trending-down markets without a fundamental catalyst. Without a proven business generating cash flows, holding this leveraged exposure is a high-risk gamble on a speculative theme rather than an investment in a company. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.339223 |
| AutoARIMA | 0.339223 |
| MSTL | 0.345865 |
| MSTL_30 | 0.364043 |
| AutoTheta | 0.445628 |
Forecast horizon: 60 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 27% |
| H-stat | 2.86 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.313 |
| Excess Kurtosis | -0.94 |
As of June 7, 2026, 4:09 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume and open interest, particularly at strikes significantly below the current price (e.g., $10, $11, $25), indicating a fear of a sharp decline. Conversely, call activity is concentrated in the money and moderately out-of-the-money ($36, $45, $60), suggesting a belief in a rebound or continued volatility rather than a crash. The implied volatility skew shows elevated premiums for deep out-of-the-money puts compared to calls, reflecting asymmetric risk pricing.
| Attribute | Value |
|---|---|
| All Time High | 268.83 |
| All Time Low | 12.18 |
| Ask | 38.96 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 269,600 |
| Average Daily Volume3 Month | 219,215 |
| Average Volume | 219,215 |
| Average Volume10Days | 269,600 |
| Beta3 Year | 0.0 |
| Bid | 24.54 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 34.4399 |
| Day Low | 30.1628 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 30.85974 |
| Fifty Day Average Change | 0.7229614 |
| Fifty Day Average Change Percent | 0.023427334 |
| Fifty Two Week Change Percent | -44.86978 |
| Fifty Two Week High | 268.83 |
| Fifty Two Week High Change | -237.24728 |
| Fifty Two Week High Change Percent | -0.88251793 |
| Fifty Two Week Low | 12.18 |
| Fifty Two Week Low Change | 19.4027 |
| Fifty Two Week Low Change Percent | 1.5929967 |
| Fifty Two Week Range | 12.18 - 268.83 |
| First Trade Date Milliseconds | 1,754,573,400,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,754,438,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-08-07 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of an actively managed group of “pure quantum” company securities (the “Target Portfolio”) by employing derivatives, namely swap agreements and/or listed options contracts. It is non-diversified. |
| Long Name | Defiance 2X Daily Long Pure Quantum ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1929530410 |
| Nav Price | 31.6439 |
| Net Assets | 66,698,328.0 |
| Net Expense Ratio | 1.29 |
| Open | 31.91 |
| Post Market Change | 0.48729897 |
| Post Market Change Percent | 1.54293 |
| Post Market Price | 32.07 |
| Post Market Time | 1,781,304,618 |
| Previous Close | 31.57 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.012701035 |
| Regular Market Change Percent | 0.040231343 |
| Regular Market Day High | 34.4399 |
| Regular Market Day Low | 30.1628 |
| Regular Market Day Range | 30.1628 - 34.4399 |
| Regular Market Open | 31.91 |
| Regular Market Previous Close | 31.57 |
| Regular Market Price | 31.5827 |
| Regular Market Time | 1,781,294,400 |
| Regular Market Volume | 241,185 |
| Short Name | Defiance 2X Daily Long Pure Qua |
| Source Interval | 15 |
| Symbol | QPUX |
| Total Assets | 66,698,328 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 97.17352 |
| Trailing Three Month Returns | 97.17352 |
| Triggerable | 1 |
| Two Hundred Day Average | 61.086296 |
| Two Hundred Day Average Change | -29.503595 |
| Two Hundred Day Average Change Percent | -0.48298222 |
| Type Disp | ETF |
| Volume | 241,185 |
| Ytd Return | 6.42093 |