Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Update

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 1,003,498 shares, a decrease of 53.2% from the May 31st total of 2,143,531 shares. Currently, 19.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,420,917 shares, the short-interest ratio is presently 0.7 days.

Defiance Daily Target 2X Long SOFI ETF Stock Up 5.4%

Defiance Daily Target 2X Long SOFI ETF stock traded up $0.56 during trading hours on Wednesday, hitting $10.84. 1,605,024 shares of the company traded hands, compared to its average volume of 1,082,097. Defiance Daily Target 2X Long SOFI ETF has a 1-year low of $7.56 and a 1-year high of $55.48. The firm has a market cap of $56.48 million, a P/E ratio of 23.00 and a beta of 4.30. The firm’s 50-day simple moving average is $9.72 and its two-hundred day simple moving average is $16.20.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. UBS Group AG lifted its position in Defiance Daily Target 2X Long SOFI ETF by 17,912.4% in the third quarter. UBS Group AG now owns 168,596 shares of the company’s stock worth $6,540,000 after purchasing an additional 167,660 shares during the period. Optiver Holding B.V. increased its position in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% during the 1st quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after purchasing an additional 45,762 shares during the period. Susquehanna International Group LLP raised its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% in the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after buying an additional 24,575 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long SOFI ETF in the 4th quarter worth $233,000.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.