Short Interest in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Expands By 75.1%

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 2,608,859 shares, a growth of 75.1% from the July 15th total of 1,490,032 shares. Approximately 26.4% of the company’s stock are short sold. Based on an average daily volume of 3,221,089 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Trading of Defiance Daily Target 2X Long RKLB ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management purchased a new stake in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Price Performance

RKLX stock traded up $1.59 during trading on Monday, reaching $25.84. 2,178,232 shares of the company traded hands, compared to its average volume of 2,877,545. Defiance Daily Target 2X Long RKLB ETF has a 12 month low of $13.29 and a 12 month high of $114.83. The business has a 50 day simple moving average of $32.08 and a 200 day simple moving average of $41.61.

About Defiance Daily Target 2X Long RKLB ETF

The Defiance Daily Target 2X Long RKLB ETF (RKLX) is an exchange-traded fund that mostly invests in industrials equity. The fund aims to provide 2x long daily price performance of Rocket Lab USA, Inc shares, less fees and expenses, through the use of swap contracts RKLX was launched on Mar 12, 2025 and is issued by Defiance.