Defiance ETFs Announces Closure of ASTN, STSM, and RKLZ Funds

Impact · against what's priced in

The liquidation of leveraged short ETFs for ASTS, TSM, and RKLB is a marginal technical event that does not address the fundamental drivers of these stocks. While it reduces bearish liquidity, it does not move the needle on the high-stakes execution risks or growth targets the market is currently discounting.

TSM+0.05

Doesn't touch the price's assumptions

The price assumes

Sustained AI-driven revenue growth above 19% through 2029