Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Shares Down 3.3% – Here’s Why

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) was down 3.3% during mid-day trading on Thursday . The company traded as low as $15.65 and last traded at $16.27. Approximately 2,740,393 shares traded hands during trading, a decline of 17% from the average daily volume of 3,299,072 shares. The stock had previously closed at $16.83.

Defiance Daily Target 2X Long ORCL ETF Price Performance

The business has a fifty day moving average of $20.58 and a 200 day moving average of $31.12. The stock has a market cap of $302.73 million, a PE ratio of 35.86 and a beta of 16.41.

Institutional Trading of Defiance Daily Target 2X Long ORCL ETF

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 Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned approximately 0.23% of Defiance Daily Target 2X Long ORCL ETF at the end of the most recent reporting period.

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.