Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Grows By 93.8%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 665,713 shares, an increase of 93.8% from the February 26th total of 343,531 shares. Based on an average daily trading volume, of 765,304 shares, the short-interest ratio is currently 0.9 days. Approximately 86.5% of the shares of the stock are short sold.

Defiance Daily Target 2X Long RIOT ETF Price Performance

Shares of RIOX stock traded down $3.60 during trading hours on Thursday, reaching $19.62. The stock had a trading volume of 214,747 shares, compared to its average volume of 234,351. The stock’s fifty day simple moving average is $27.26 and its 200 day simple moving average is $55.41. Defiance Daily Target 2X Long RIOT ETF has a 12 month low of $15.45 and a 12 month high of $153.75.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RIOT ETF stock. Group One Trading LLC acquired a new position in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 18,191 shares of the company’s stock, valued at approximately $609,000. Group One Trading LLC owned approximately 1.38% of Defiance Daily Target 2X Long RIOT ETF as of its most recent filing with the Securities & Exchange Commission.

Defiance Daily Target 2X Long RIOT ETF Company Profile

The Defiance Daily Target 2X Long RIOT ETF (RIOX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x long daily price performance of Riot Platforms, Inc shares, less fees and expenses, through the use of swap contracts RIOX was launched on Jan 2, 2025 and is issued by Defiance.