Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 241,168 shares, an increase of 132.0% from the July 30th total of 103,953 shares. Currently, 40.9% of the company’s shares are sold short. Based on an average trading volume of 350,268 shares, the short-interest ratio is presently 0.7 days.

Defiance Daily Target 2X Long RIOT ETF Stock Down 18.6%

Shares of Defiance Daily Target 2X Long RIOT ETF stock traded down $5.08 during trading on Friday, reaching $22.18. 428,016 shares of the company were exchanged, compared to its average volume of 237,613. Defiance Daily Target 2X Long RIOT ETF has a twelve month low of $12.96 and a twelve month high of $153.75. The business has a 50-day moving average price of $35.44 and a 200-day moving average price of $35.30.

Institutional Investors Weigh In On Defiance Daily Target 2X Long RIOT ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP acquired a new position in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned about 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.