Short Interest in Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) Drops By 45.3%

Defiance Daily Target 2X Short PLTR ETF (NASDAQ:PLTZ) was the recipient of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 163,641 shares, a decrease of 45.3% from the May 14th total of 299,408 shares. Based on an average trading volume of 528,841 shares, the days-to-cover ratio is presently 0.3 days. Approximately 16.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Defiance Daily Target 2X Short PLTR ETF

Several large investors have recently added to or reduced their stakes in PLTZ. Susquehanna International Group LLP increased its stake in Defiance Daily Target 2X Short PLTR ETF by 1,723.8% during the 3rd quarter. Susquehanna International Group LLP now owns 195,477 shares of the company’s stock worth $1,400,000 after buying an additional 184,759 shares during the period. XTX Topco Ltd purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the 4th quarter worth approximately $412,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the 3rd quarter worth approximately $70,000. Finally, Optiver Holding B.V. purchased a new stake in Defiance Daily Target 2X Short PLTR ETF during the 3rd quarter worth approximately $49,000.

Defiance Daily Target 2X Short PLTR ETF Stock Performance

Shares of PLTZ stock traded up $0.67 during trading hours on Tuesday, hitting $28.90. The company had a trading volume of 241,591 shares, compared to its average volume of 1,395,880. The company’s fifty day moving average is $29.46 and its 200 day moving average is $29.06. Defiance Daily Target 2X Short PLTR ETF has a fifty-two week low of $19.91 and a fifty-two week high of $64.96.

About Defiance Daily Target 2X Short PLTR ETF

Tidal Trust II – Defiance Daily Target 2X Short PLTR ETF is an exchange traded fund launched and managed by Tidal Investments LLC. It invests in public equity markets. The fund invests through derivatives in stocks of companies operating across information technology, software and services sectors. The fund employs short strategy and uses derivatives such as swaps and options to create its portfolio. The fund invests in growth and value stocks of companies across diversified market capitalization.