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 large drop in short interest during 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 shares of the company are sold short. Based on an average trading volume of 564,894 shares, the days-to-cover ratio is presently 0.6 days.

Defiance Daily Target 2X Short RGTI ETF Trading Down 2.0%

RGTZ stock opened at $13.99 on Friday. Defiance Daily Target 2X Short RGTI ETF has a 1 year low of $11.20 and a 1 year high of $187.40. The business has a fifty day moving average price of $18.45.

Institutional Inflows and Outflows

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) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 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 filing with the Securities and Exchange Commission.

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.