Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Sees Significant Decline in Short Interest

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 433,557 shares, a decline of 65.9% from the April 15th total of 1,269,567 shares. Approximately 4.6% of the shares of the company are short sold. Based on an average daily trading volume, of 3,738,445 shares, the short-interest ratio is currently 0.1 days.

Defiance Daily Target 2X Long ORCL ETF Stock Down 3.0%

NASDAQ ORCX traded down $1.34 during trading on Friday, hitting $43.62. The company’s stock had a trading volume of 1,376,935 shares, compared to its average volume of 2,655,677. The firm has a 50 day moving average price of $32.71 and a 200 day moving average price of $46.35. The firm has a market cap of $415.26 million, a P/E ratio of 35.86 and a beta of 4.38. Defiance Daily Target 2X Long ORCL ETF has a 52 week low of $22.37 and a 52 week high of $181.59.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned 0.23% of Defiance Daily Target 2X Long ORCL ETF as of its most recent SEC filing.

About Defiance Daily Target 2X Long ORCL ETF

The Defiance Daily Target 2X Long ORCL ETF (ORCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Oracle Corporation (ORCL), less fees and expenses, through derivatives like swap agreements. ORCX was launched on Feb 6, 2025 and is issued by Defiance.