Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Stock Short Interest Report for October

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 91,436 shares, a decrease of 66.4% from the October 15th total of 272,193 shares. Approximately 21.9% of the company’s shares are short sold. Based on an average daily volume of 122,482 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of Defiance Daily Target 2X Short RGTI ETF

A hedge fund recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC acquired a new position in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned about 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Short RGTI ETF Price Performance

RGTZ traded up $3.15 during midday trading on Friday, reaching $25.80. 231,970 shares of the company were exchanged, compared to its average volume of 1,192,312. Defiance Daily Target 2X Short RGTI ETF has a one year low of $11.20 and a one year high of $187.40. The stock’s 50-day simple moving average is $19.87 and its 200 day simple moving average is $29.03.

Defiance Daily Target 2X Short RGTI ETF Company Profile

Defiance Daily Target 2X Short RGTI ETF (NASDAQ: RGTZ) is an exchange-traded fund offered by Defiance ETFs that provides investors with leveraged, inverse exposure to the RGTI benchmark on a daily basis. As its name indicates, the fund is designed to deliver approximately -200% of the daily performance of the RGTI index before fees and expenses, giving traders and investors a way to profit from—or hedge against—daily declines in that reference benchmark. To achieve its investment objective, RGTZ employs derivatives such as swaps, futures contracts and options, and may use other financial instruments to obtain the targeted short and leveraged exposure.