Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Stock Short Interest Report for October

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) saw a significant decrease in short interest in the month of October. As of October 30th, there was short interest totaling 91,436 shares, a decrease of 66.4% from the October 15th total of 272,193 shares. Approximately 21.9% of the company’s stock are short sold. Based on an average daily trading volume, of 122,482 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Defiance Daily Target 2X Short RGTI ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC bought a new position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 at the end of the most recent quarter.

Defiance Daily Target 2X Short RGTI ETF Stock Up 13.9%

Shares of RGTZ stock traded up $3.15 during trading hours on Friday, hitting $25.80. 231,970 shares of the company were exchanged, compared to its average volume of 1,192,312. Defiance Daily Target 2X Short RGTI ETF has a 52 week low of $11.20 and a 52 week high of $187.40. The business has a 50 day moving average of $19.87 and a two-hundred day moving average of $29.03.

About Defiance Daily Target 2X Short RGTI ETF

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.