Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) saw a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 985,020 shares, a growth of 79.0% from the May 14th total of 550,138 shares. Based on an average daily volume of 3,694,448 shares, the short-interest ratio is currently 0.3 days. Currently, 16.7% of the shares of the company are short sold.

Defiance Daily Target 2X Long RKLB ETF Stock Up 13.5%

Shares of NASDAQ:RKLX traded up $6.54 during midday trading on Monday, hitting $54.84. The stock had a trading volume of 3,129,090 shares, compared to its average volume of 2,825,176. The stock has a 50 day moving average price of $57.95 and a two-hundred day moving average price of $46.26. Defiance Daily Target 2X Long RKLB ETF has a 1 year low of $10.26 and a 1 year high of $114.83.

Institutional Trading of Defiance Daily Target 2X Long RKLB ETF

An institutional investor recently bought a new position 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 fund bought 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Company Profile

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.