Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Up 480.3% in July

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 1,345,940 shares, an increase of 480.3% from the July 15th total of 231,958 shares. Approximately 15.8% of the shares of the stock are short sold. Based on an average daily volume of 1,315,684 shares, the short-interest ratio is presently 1.0 days.

Defiance Daily Target 2X Long SOFI ETF Stock Performance

Shares of SOFX stock traded down $0.26 during trading hours on Wednesday, reaching $9.38. The company had a trading volume of 599,675 shares, compared to its average volume of 1,098,045. Defiance Daily Target 2X Long SOFI ETF has a 12-month low of $6.74 and a 12-month high of $55.48. The company has a market capitalization of $79.73 million, a price-to-earnings ratio of 23.00 and a beta of 4.37. The stock has a fifty day moving average of $9.62 and a 200-day moving average of $11.64.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

Several large investors have recently added to or reduced their stakes in SOFX. UBS Group AG raised its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 17,912.4% during the 3rd quarter. UBS Group AG now owns 168,596 shares of the company’s stock worth $6,540,000 after acquiring an additional 167,660 shares during the period. Optiver Holding B.V. grew its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% in the first 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 increased its position in Defiance Daily Target 2X Long SOFI ETF by 36.8% during the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after purchasing an additional 24,575 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth about $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.