Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Short Interest Update

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 241,168 shares, a growth of 132.0% from the July 30th total of 103,953 shares. Based on an average trading volume of 350,268 shares, the days-to-cover ratio is presently 0.7 days. Currently, 40.9% of the shares of the company are sold short.

Institutional Investors Weigh In On Defiance Daily Target 2X Long RIOT ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP acquired a new position in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned approximately 8.48% of Defiance Daily Target 2X Long RIOT ETF at the end of the most recent quarter.

Defiance Daily Target 2X Long RIOT ETF Trading Down 18.6%

RIOX stock traded down $5.08 on Friday, reaching $22.18. 428,016 shares of the company were exchanged, compared to its average volume of 237,613. Defiance Daily Target 2X Long RIOT ETF has a 12 month low of $12.96 and a 12 month high of $153.75. The stock’s fifty day moving average price is $35.44 and its 200 day moving average price is $35.30.

About Defiance Daily Target 2X Long RIOT ETF

The Defiance Daily Target 2X Long RIOT ETF (RIOX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x long daily price performance of Riot Platforms, Inc shares, less fees and expenses, through the use of swap contracts RIOX was launched on Jan 2, 2025 and is issued by Defiance.