Yep that's how my 2" receiver is on the Rancher. Just part of having an SRA. Uncompressed rear suspension and the hitch angles down, compressed mid-way it's almost level, and compressed all the way its level and almost slightly pointed up.
I don't like that's how they make the receiver hitches, and in hindsight I should have not bought mine and just made my own at a slightly more upward angle.
Nothing wrong or bent with yours though.
Sent from my iPhone using Tapatalk