Defiance Daily Target 2X Short RGTI ETF Shares Set to Reverse Split on Thursday, September 10th (NASDAQ:RGTZ)

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ)’s stock is set to reverse split on the morning of Thursday, September 10th. The 1-5 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, September 9th.

Defiance Daily Target 2X Short RGTI ETF Price Performance

Defiance Daily Target 2X Short RGTI ETF stock traded up $0.06 during trading hours on Wednesday, hitting $3.77. The company had a trading volume of 4,189,063 shares, compared to its average volume of 7,248,639. The business’s 50-day simple moving average is $4.17. Defiance Daily Target 2X Short RGTI ETF has a 1 year low of $2.24 and a 1 year high of $37.48.

Institutional Investors Weigh In On 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 acquired a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 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 (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.