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

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 3,585,490 shares, an increase of 101.0% from the August 15th total of 1,783,459 shares. Based on an average trading volume of 1,596,005 shares, the days-to-cover ratio is currently 2.2 days. Approximately 36.2% of the company’s shares are sold short.

Defiance Daily Target 2X Long RKLB ETF Price Performance

Shares of RKLX traded down $0.11 during mid-day trading on Wednesday, reaching $14.52. 916,458 shares of the company were exchanged, compared to its average volume of 2,789,142. The business has a 50 day simple moving average of $19.41 and a two-hundred day simple moving average of $37.96. Defiance Daily Target 2X Long RKLB ETF has a 52 week low of $13.29 and a 52 week high of $114.83.

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.