Short Interest in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Rises By 233.5%

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 660,002 shares, a growth of 233.5% from the April 15th total of 197,895 shares. Based on an average daily trading volume, of 2,732,690 shares, the days-to-cover ratio is presently 0.2 days. Currently, 11.2% of the shares of the company are short sold.

Defiance Daily Target 2X Long RKLB ETF Stock Performance

Shares of NASDAQ:RKLX traded down $10.77 during trading on Friday, hitting $80.85. 2,386,770 shares of the company’s stock were exchanged, compared to its average volume of 2,649,279. Defiance Daily Target 2X Long RKLB ETF has a 52-week low of $9.41 and a 52-week high of $92.56. The business’s 50-day simple moving average is $38.87 and its 200 day simple moving average is $39.46.

Institutional Trading of Defiance Daily Target 2X Long RKLB ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management bought a new position in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 645 shares of the company’s stock, valued at approximately $26,000.

About Defiance Daily Target 2X Long RKLB ETF

The Defiance Daily Target 2X Long RKLB ETF (RKLX) is an exchange-traded fund that mostly invests in industrials equity. The fund aims to provide 2x long daily price performance of Rocket Lab USA, Inc shares, less fees and expenses, through the use of swap contracts RKLX was launched on Mar 12, 2025 and is issued by Defiance.