Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Short Interest Update

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 3,058,132 shares, an increase of 77.9% from the July 30th total of 1,718,708 shares. Currently, 22.3% of the company’s stock are sold short. Based on an average trading volume of 3,333,860 shares, the days-to-cover ratio is currently 0.9 days.

Defiance Daily Target 2X Long ORCL ETF Price Performance

Shares of ORCX stock traded down $1.88 during trading on Tuesday, reaching $20.50. The company had a trading volume of 778,031 shares, compared to its average volume of 2,717,923. The firm’s 50 day simple moving average is $20.68 and its two-hundred day simple moving average is $30.57. Defiance Daily Target 2X Long ORCL ETF has a one year low of $13.71 and a one year high of $181.59. The company has a market capitalization of $280.64 million, a PE ratio of 35.86 and a beta of 6.04.

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

An institutional investor 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 third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned 0.23% of Defiance Daily Target 2X Long ORCL ETF as of its most recent SEC filing.

Defiance Daily Target 2X Long ORCL ETF Company Profile

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.