Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Get Free Report) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 365,101 shares, a drop of 73.9% from the August 31st total of 1,399,900 shares. Approximately 58.0% of the company’s shares are short sold. Based on an average daily trading volume, of 564,894 shares, the short-interest ratio is presently 0.6 days.
Institutional Investors Weigh In On Defiance Daily Target 2X Short RGTI ETF
A hedge fund recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC bought a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.
Defiance Daily Target 2X Short RGTI ETF Price Performance
RGTZ traded down $0.29 on Friday, reaching $13.99. 584,880 shares of the company traded hands, compared to its average volume of 1,371,046. Defiance Daily Target 2X Short RGTI ETF has a one year low of $11.20 and a one year high of $187.40. The firm has a fifty day moving average price of $18.45.
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.
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