Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Sees Significant Drop in Short Interest

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 38,943 shares, a drop of 70.5% from the July 15th total of 132,027 shares. Based on an average daily volume of 411,860 shares, the days-to-cover ratio is presently 0.1 days. Approximately 7.3% of the company’s shares are short sold.

Defiance Daily Target 2X Short PLTR ETF Trading Up 5.2%

Shares of NASDAQ PLTZ traded up $0.49 during mid-day trading on Friday, reaching $9.85. The company had a trading volume of 3,040,339 shares, compared to its average volume of 1,535,356. Defiance Daily Target 2X Short PLTR ETF has a 52 week low of $9.23 and a 52 week high of $47.40. The business’s 50-day moving average is $26.92 and its 200-day moving average is $29.57.

Hedge Funds Weigh In On Defiance Daily Target 2X Short PLTR ETF

A hedge fund recently raised its position in Defiance Daily Target 2X Short PLTR ETF stock. Susquehanna International Group LLP grew its stake in shares of Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) by 1,723.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,477 shares of the company’s stock after acquiring an additional 184,759 shares during the period. Susquehanna International Group LLP owned about 1.67% of Defiance Daily Target 2X Short PLTR ETF worth $1,400,000 at the end of the most recent quarter.

Defiance Daily Target 2X Short PLTR ETF Company Profile

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.