Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Update

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 1,003,498 shares, a decline of 53.2% from the May 31st total of 2,143,531 shares. Approximately 19.3% of the shares of the stock are sold short. Based on an average daily volume of 1,420,917 shares, the days-to-cover ratio is presently 0.7 days.

Defiance Daily Target 2X Long SOFI ETF Stock Up 5.4%

Shares of Defiance Daily Target 2X Long SOFI ETF stock opened at $10.84 on Thursday. Defiance Daily Target 2X Long SOFI ETF has a twelve month low of $7.56 and a twelve month high of $55.48. The business has a 50-day moving average price of $9.66 and a 200-day moving average price of $16.03. The firm has a market cap of $56.48 million, a price-to-earnings ratio of 23.00 and a beta of 4.30.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SOFI ETF

Institutional investors have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth $233,000. Optiver Holding B.V. raised its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% in the first quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after acquiring an additional 45,762 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% in the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after acquiring an additional 24,575 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% in the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after acquiring an additional 16,312 shares during the last quarter.

About Defiance Daily Target 2X Long SOFI ETF

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.