Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Update

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 6,294,109 shares, a decline of 38.3% from the May 31st total of 10,196,089 shares. Based on an average daily trading volume, of 24,448,755 shares, the days-to-cover ratio is presently 0.3 days. Approximately 260.1% of the shares of the stock are sold short.

Defiance Daily Target 2X Short RGTI ETF Stock Performance

Shares of NASDAQ:RGTZ traded up $0.30 during midday trading on Thursday, reaching $4.26. 6,986,870 shares of the company were exchanged, compared to its average volume of 8,303,133. The company’s fifty day moving average is $7.16. Defiance Daily Target 2X Short RGTI ETF has a one year low of $2.24 and a one year high of $37.48.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC acquired a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned approximately 0.38% of Defiance Daily Target 2X Short RGTI ETF as of its most recent SEC filing.

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.