Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 2,608,859 shares, a growth of 75.1% from the July 15th total of 1,490,032 shares. Based on an average trading volume of 3,221,089 shares, the days-to-cover ratio is currently 0.8 days. Approximately 26.4% of the company’s stock are short sold.

Institutional Trading of Defiance Daily Target 2X Long RKLB ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management bought a new position in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Price Performance

Shares of RKLX traded down $1.95 during trading hours on Tuesday, hitting $23.41. The company had a trading volume of 869,405 shares, compared to its average volume of 2,867,257. The firm has a fifty day moving average price of $31.36 and a 200-day moving average price of $41.38. Defiance Daily Target 2X Long RKLB ETF has a 52-week low of $13.29 and a 52-week high of $114.83.

Defiance Daily Target 2X Long RKLB ETF Company Profile

The Defiance Daily Target 2X Long RKLB ETF (RKLX) is an exchange-traded fund that mostly invests in industrials equity. The fund aims to provide 2x long daily price performance of Rocket Lab USA, Inc shares, less fees and expenses, through the use of swap contracts RKLX was launched on Mar 12, 2025 and is issued by Defiance.