Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Declines By 67.5%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 12,275 shares, a drop of 67.5% from the May 31st total of 37,752 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 148,326 shares, the days-to-cover ratio is presently 0.1 days.

Defiance Daily Target 2X Long RIOT ETF Price Performance

NYSEARCA:RIOX traded up $2.68 during trading hours on Friday, hitting $63.88. 171,285 shares of the stock were exchanged, compared to its average volume of 238,924. Defiance Daily Target 2X Long RIOT ETF has a 52-week low of $12.96 and a 52-week high of $153.75. The firm’s fifty day moving average price is $49.92 and its 200 day moving average price is $36.68.

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

A hedge fund recently bought a new position in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP bought a new position in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned 8.48% of Defiance Daily Target 2X Long RIOT ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long RIOT ETF

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.