QBTZ - Defiance Daily Target 2X Short QBTS ETF
This fund's core strategy dictates that at least 80% of its net assets, combined with any borrowed capital utilized for investment, will be deployed into financial instruments. These instruments are specifically engineered to deliver daily investment outcomes that are two times the inverse (or opposite) of the underlying benchmark's daily performance. For the purpose of assessing compliance with this 80% allocation policy, derivative holdings are calculated based on their full notional value.
As of Jun 30, 2026: spot at $3.81, ATM IV 186.1%, max pain $4.00, net GEX $1.4K.
- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Market Cap
- $857,618
- Beta
- -8.37
- 52-Week Range
- 2.724-96.84
- IPO Date
- Oct 7, 2025
- Exchange
- NASDAQ
What QBTZ Looks Like to Options Traders Today
positive net gamma exposure ($1.4K) means dealers hedge against trend, damping realized volatility and biasing price toward heavy-OI strikes; the 25-delta skew (-0.151) prices puts richer than calls, the typical equity downside-protection skew.
What This Page Covers
The QBTZ overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
Frequently asked QBTZ overview questions
- What is QBTZ?
- QBTZ is the ticker symbol for Defiance Daily Target 2X Short QBTS ETF, an listed exchange-traded fund. This fund's core strategy dictates that at least 80% of its net assets, combined with any borrowed capital utilized for investment, will be deployed into financial instruments. These instruments are specifically engineered to deliver daily investment outcomes that are two times the inverse (or opposite) of the underlying benchmark's daily performance. Listed on NASDAQ. QBTZ is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the QBTZ options snapshot look like today?
- As of Jun 30, 2026, the QBTZ options snapshot shows spot at $3.81, ATM IV 186.1%, max pain $4.00, net GEX $1.4K, expected move 53.35%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are QBTZ's key statistics?
- Defiance Daily Target 2X Short QBTS ETF (QBTZ) carries a market capitalization of $857,618, 52-week range of 2.724-96.84. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does QBTZ belong to?
- Defiance Daily Target 2X Short QBTS ETF operates in the Financial Services sector, in the Asset Management - Leveraged industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare QBTZ's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the QBTZ data on this page?
- The options snapshot above is dated Jun 30, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.