Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Sees Large Decline in Short Interest

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 163,641 shares, a decline of 45.3% from the May 14th total of 299,408 shares. Based on an average daily volume of 528,841 shares, the days-to-cover ratio is currently 0.3 days. Currently, 16.7% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PLTZ. Optiver Holding B.V. purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the third quarter valued at $49,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the third quarter valued at $70,000. XTX Topco Ltd purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the fourth quarter valued at $412,000. Finally, Susquehanna International Group LLP increased its position in Defiance Daily Target 2X Short PLTR ETF by 1,723.8% during the third quarter. Susquehanna International Group LLP now owns 195,477 shares of the company’s stock valued at $1,400,000 after acquiring an additional 184,759 shares during the last quarter.

Defiance Daily Target 2X Short PLTR ETF Stock Down 10.5%

Shares of PLTZ stock traded down $3.32 during mid-day trading on Monday, hitting $28.23. The company’s stock had a trading volume of 274,347 shares, compared to its average volume of 1,406,085. Defiance Daily Target 2X Short PLTR ETF has a 52-week low of $19.91 and a 52-week high of $64.96. The business has a 50-day moving average price of $29.46 and a 200 day moving average price of $29.06.

Defiance Daily Target 2X Short PLTR ETF Company Profile

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.