Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Sees Significant Decline in Short Interest

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 49,123 shares, a decline of 86.5% from the September 15th total of 365,101 shares. Based on an average daily volume of 506,952 shares, the short-interest ratio is presently 0.1 days. Currently, 12.6% of the company’s shares are short sold.

Hedge Funds Weigh In On Defiance Daily Target 2X Short RGTI ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC bought a new stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Short RGTI ETF Stock Up 1.0%

Shares of RGTZ opened at $18.99 on Friday. The company’s fifty day moving average is $16.37. Defiance Daily Target 2X Short RGTI ETF has a 12-month low of $11.20 and a 12-month high of $187.40.

Defiance Daily Target 2X Short RGTI ETF (NASDAQ: RGTZ) is an exchange-traded fund offered by Defiance ETFs that provides investors with leveraged, inverse exposure to the RGTI benchmark on a daily basis. As its name indicates, the fund is designed to deliver approximately -200% of the daily performance of the RGTI index before fees and expenses, giving traders and investors a way to profit from—or hedge against—daily declines in that reference benchmark.

To achieve its investment objective, RGTZ employs derivatives such as swaps, futures contracts and options, and may use other financial instruments to obtain the targeted short and leveraged exposure.