Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Update

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 1,003,498 shares, a decrease of 53.2% from the May 31st total of 2,143,531 shares. Approximately 19.3% of the shares of the stock are sold short. Based on an average daily volume of 1,420,917 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SOFX. UBS Group AG lifted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% in the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after acquiring an additional 16,312 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after purchasing an additional 24,575 shares during the last quarter. Optiver Holding B.V. grew its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% during the 1st quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after purchasing an additional 45,762 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long SOFI ETF in the 4th quarter worth $233,000.

Defiance Daily Target 2X Long SOFI ETF Stock Performance

NASDAQ:SOFX traded down $0.29 during mid-day trading on Tuesday, reaching $10.27. The stock had a trading volume of 941,445 shares, compared to its average volume of 1,078,273. The firm has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $16.38. The stock has a market capitalization of $53.51 million, a P/E ratio of 23.00 and a beta of 4.30. Defiance Daily Target 2X Long SOFI ETF has a one year low of $7.56 and a one year high of $55.48.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.