26-Dec-2025
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The Quadratic Deflation ETF seeks to benefit from lower growth, deflation, lower or negative long-term interest rates, and/or a reduction in the spread between shorter and longer term interest rates by investing in U.S. Treasuries and options. The Fund is actively managed and seeks to achieve its investment objective primarily by investing, directly or indirectly, in a mix of U.S. Treasury securities ("Treasuries") and option strategies tied to the shape of the U.S. interest rate swap curve. The Fund's strategy is designed to hedge against deflation risk and generate positive returns from the Fund's options during periods when the U.S. interest rate curve flattens (i.e., the spread between interest rates on U.S. long-term debt instruments and U.S. shorter-term debt instruments tightens) or inverts. The U.S. interest rate swap curve is a type of interest rate curve that reflects the fixed interest rates used in interest rate swap agreements with different maturities.
Quadratic Deflation ETF trades on the ARCA stock market under the symbol BNDD.
As of December 26, 2025, BNDD stock price declined to $96.43 with 442 million shares trading.
BNDD has a market cap of $8.74 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, BNDD traded as high as $166.24 and as low as $95.10.
BNDD has underperformed the market in the last year with a price return of -8.9% while the SPY ETF gained +16.0%. BNDD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.5% and 0.0%, respectively, while the SPY returned +4.6% and +1.5%, respectively.
BNDD support price is $97.02 and resistance is $98.05 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BNDD shares will trade within this expected range on the day.
