Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Reaches New 1-Year High – Should You Buy?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $98.58 and last traded at $96.50, with a volume of 2415846 shares. The stock had previously closed at $80.33.

Defiance Daily Target 2X Long RKLB ETF Stock Up 13.0%

The business has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $40.52.

Hedge Funds Weigh In On Defiance Daily Target 2X Long RKLB ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management purchased a new stake in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 645 shares of the company’s stock, valued at approximately $26,000.

About Defiance Daily Target 2X Long RKLB ETF

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.