Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Update

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 682,409 shares, an increase of 133.8% from the July 15th total of 291,829 shares. Approximately 19.7% of the shares of the company are short sold. Based on an average daily volume of 3,246,603 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds 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 position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm 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 as of its most recent SEC filing.

Defiance Daily Target 2X Short RGTI ETF Price Performance

RGTZ traded down $0.07 during trading on Friday, reaching $2.71. 5,134,704 shares of the company were exchanged, compared to its average volume of 7,483,120. Defiance Daily Target 2X Short RGTI ETF has a 52 week low of $2.24 and a 52 week high of $37.48. The business’s 50 day moving average price is $4.24.

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.