Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Stock Short Interest Report for October

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 272,193 shares, a growth of 454.1% from the September 30th total of 49,123 shares. Based on an average daily trading volume, of 272,570 shares, the short-interest ratio is presently 1.0 days. Currently, 82.5% of the shares of the company are sold short.

Institutional Trading of 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 position in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

Defiance Daily Target 2X Short RGTI ETF Stock Performance

NASDAQ:RGTZ traded down $4.26 during midday trading on Tuesday, hitting $21.76. The company had a trading volume of 63,906 shares, compared to its average volume of 1,251,724. Defiance Daily Target 2X Short RGTI ETF has a 52-week low of $11.20 and a 52-week high of $187.40. The stock has a fifty day simple moving average of $17.95.

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.