Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Update

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) saw a large growth in short interest in the month of April. As of April 30th, there was short interest totaling 655,089 shares, a growth of 1,018.7% from the April 15th total of 58,556 shares. Currently, 27.1% of the shares of the company are sold short. Based on an average daily volume of 2,952,381 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC acquired a new stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the first quarter, according to its most recent filing with the SEC. The fund acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned approximately 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent quarter.

Defiance Daily Target 2X Short RGTI ETF Price Performance

NASDAQ:RGTZ opened at $9.07 on Tuesday. Defiance Daily Target 2X Short RGTI ETF has a 12 month low of $8.14 and a 12 month high of $37.48.

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.