Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Stock Short Interest Falls 86.5%

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 49,123 shares, a decrease of 86.5% from the September 15th total of 365,101 shares. Approximately 12.6% of the shares of the company are sold short. Based on an average trading volume of 506,952 shares, the days-to-cover ratio is presently 0.1 days.

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 stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned about 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 up $2.04 during trading on Monday, reaching $21.03. The company’s stock had a trading volume of 133,494 shares, compared to its average volume of 1,313,269. Defiance Daily Target 2X Short RGTI ETF has a twelve month low of $11.20 and a twelve month high of $187.40. The business’s fifty day moving average is $16.37.

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.