Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Expands By 696.0%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 97,708 shares, a growth of 696.0% from the June 15th total of 12,275 shares. Based on an average trading volume of 203,773 shares, the days-to-cover ratio is presently 0.5 days. Approximately 18.4% of the shares of the stock are short sold.

Defiance Daily Target 2X Long RIOT ETF Price Performance

Shares of RIOX stock opened at $31.25 on Monday. Defiance Daily Target 2X Long RIOT ETF has a 12-month low of $12.96 and a 12-month high of $153.75. The firm has a 50-day moving average price of $52.39 and a 200 day moving average price of $36.26.

Institutional Trading of Defiance Daily Target 2X Long RIOT ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RIOT ETF stock. Group One Trading LLC acquired a new position in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,191 shares of the company’s stock, valued at approximately $609,000. Group One Trading LLC owned 1.38% of Defiance Daily Target 2X Long RIOT ETF as of its most recent SEC filing.

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.