Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Trading Down 4% – What’s Next?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLXGet Free Report)’s stock price dropped 4% on Friday . The company traded as low as $26.10 and last traded at $27.45. Approximately 2,245,885 shares traded hands during trading, a decline of 22% from the average session volume of 2,862,181 shares. The stock had previously closed at $28.59.

Defiance Daily Target 2X Long RKLB ETF Price Performance

The company’s 50-day simple moving average is $59.94 and its 200-day simple moving average is $47.93.

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

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management bought a new position in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLXFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Company Profile

(Get Free Report)

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.

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