Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Down 96.1% in June

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 243,493 shares, a drop of 96.1% from the June 15th total of 6,294,109 shares. Currently, 67.6% of the company’s stock are short sold. Based on an average trading volume of 10,686,127 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors 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 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned about 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 5.0%

Defiance Daily Target 2X Short RGTI ETF stock traded up $0.23 during trading on Friday, reaching $4.81. The stock had a trading volume of 3,283,743 shares, compared to its average volume of 8,167,041. Defiance Daily Target 2X Short RGTI ETF has a 52-week low of $2.24 and a 52-week high of $37.48. The firm has a 50 day moving average of $5.69.

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.