Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Stock Price Down 5.3% – Should You Sell?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX)’s share price was down 5.3% on Thursday . The stock traded as low as $79.15 and last traded at $87.61. Approximately 1,072,248 shares changed hands during trading, a decline of 60% from the average daily volume of 2,674,286 shares. The stock had previously closed at $92.48.

Defiance Daily Target 2X Long RKLB ETF Stock Performance

The company’s 50 day moving average price is $44.23 and its 200 day moving average price is $40.89.

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 purchased a new stake in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 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.