Defiance Daily Target 2X Short SPCX ETF (SPCQ) is an exchange-traded fund in the Trading Inverse Equity category. It has $8.92M in assets and an expense ratio of 1.31%. It has adopted a policy to have at least 80% of its net assets, plus borrowings for investment purposes, in financial instruments with economic characteristics that should provide 2 times the inverse exposure to the daily performance of the Underlying Security. The fund is non-diversified.