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

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 37,752 shares, a drop of 74.7% from the May 14th total of 149,294 shares. Approximately 5.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 289,329 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On Defiance Daily Target 2X Long RIOT ETF

A hedge fund 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 the company in its most recent disclosure with the SEC. 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 reporting period.

Defiance Daily Target 2X Long RIOT ETF Stock Performance

Shares of RIOX traded up $1.87 during mid-day trading on Friday, hitting $57.02. The company’s stock had a trading volume of 67,087 shares, compared to its average volume of 241,636. The firm has a 50-day moving average price of $42.15 and a 200 day moving average price of $35.96. 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.

About Defiance Daily Target 2X Long RIOT ETF

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.