Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Sees Large Drop in Short Interest

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 38,943 shares, a drop of 70.5% from the July 15th total of 132,027 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average trading volume of 411,860 shares, the short-interest ratio is presently 0.1 days.

Defiance Daily Target 2X Short PLTR ETF Stock Down 1.2%

PLTZ stock opened at $10.17 on Thursday. The company has a 50 day moving average price of $27.62 and a two-hundred day moving average price of $29.83. Defiance Daily Target 2X Short PLTR ETF has a one year low of $9.34 and a one year high of $47.40.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short PLTR ETF stock. XTX Topco Ltd acquired a new position in shares of Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 16,609 shares of the company’s stock, valued at approximately $412,000. XTX Topco Ltd owned about 1.07% of Defiance Daily Target 2X Short PLTR ETF as of its most recent SEC filing.

About Defiance Daily Target 2X Short PLTR ETF

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.