Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Trading Down 8.7% – Here’s Why

Shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) traded down 8.7% during trading on Wednesday . The stock traded as low as $14.47 and last traded at $14.49. Approximately 5,231,175 shares were traded during trading, an increase of 87% from the average session volume of 2,802,988 shares. The stock had previously closed at $15.87.

Defiance Daily Target 2X Long RKLB ETF Price Performance

The company’s fifty day moving average price is $20.74 and its 200 day moving average price is $38.38.

Institutional Inflows and Outflows

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

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.