Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 97,708 shares, an increase of 696.0% from the June 15th total of 12,275 shares. Approximately 18.4% of the company’s stock are sold short. Based on an average daily trading volume, of 203,773 shares, the days-to-cover ratio is currently 0.5 days.

Defiance Daily Target 2X Long RIOT ETF Stock Performance

Shares of RIOX stock opened at $32.00 on Monday. Defiance Daily Target 2X Long RIOT ETF has a fifty-two week low of $12.96 and a fifty-two week high of $153.75. The stock’s 50-day simple moving average is $52.39 and its 200-day simple moving average is $36.26.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP acquired a new position in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned about 8.48% of Defiance Daily Target 2X Long RIOT ETF at the end of the most recent quarter.

Defiance Daily Target 2X Long RIOT ETF Company Profile

The Defiance Daily Target 2X Long RIOT ETF (RIOX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x long daily price performance of Riot Platforms, Inc shares, less fees and expenses, through the use of swap contracts RIOX was launched on Jan 2, 2025 and is issued by Defiance.