Short Interest in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Declines By 65.9%

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 433,557 shares, a drop of 65.9% from the April 15th total of 1,269,567 shares. Based on an average daily volume of 3,738,445 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.6% of the company’s shares are short sold.

Defiance Daily Target 2X Long ORCL ETF Stock Up 6.2%

Shares of ORCX stock traded up $2.61 on Thursday, hitting $44.96. The stock had a trading volume of 2,337,765 shares, compared to its average volume of 2,669,344. The business has a 50 day moving average price of $32.43 and a 200 day moving average price of $46.37. The company has a market cap of $428.02 million, a PE ratio of 35.86 and a beta of 4.38. Defiance Daily Target 2X Long ORCL ETF has a one year low of $22.37 and a one year high of $181.59.

Institutional Trading of Defiance Daily Target 2X Long ORCL ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC acquired a new stake in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned approximately 0.23% of Defiance Daily Target 2X Long ORCL ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long ORCL ETF

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.