Short Interest in Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Increases By 75.1%

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,608,859 shares, an increase of 75.1% from the July 15th total of 1,490,032 shares. Based on an average trading volume of 3,221,089 shares, the days-to-cover ratio is presently 0.8 days. Approximately 26.4% of the company’s stock are sold short.

Defiance Daily Target 2X Long RKLB ETF Trading Up 6.6%

Shares of NASDAQ:RKLX traded up $1.59 during trading hours on Monday, hitting $25.84. The company’s stock had a trading volume of 2,178,232 shares, compared to its average volume of 2,877,545. Defiance Daily Target 2X Long RKLB ETF has a 52 week low of $13.29 and a 52 week high of $114.83. The firm’s fifty day moving average price is $32.08 and its 200 day moving average price is $41.61.

Hedge Funds Weigh In On 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 fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.