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

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 6,294,109 shares, a decrease of 38.3% from the May 31st total of 10,196,089 shares. Based on an average daily trading volume, of 24,448,755 shares, the short-interest ratio is presently 0.3 days. Approximately 260.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Defiance Daily Target 2X Short RGTI ETF

An institutional investor 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) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 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 Stock Performance

Shares of NASDAQ RGTZ opened at $4.26 on Friday. Defiance Daily Target 2X Short RGTI ETF has a fifty-two week low of $2.24 and a fifty-two week high of $37.48. The stock’s 50-day simple moving average is $6.80.

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.