Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Short Interest Update

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 97,708 shares, an increase of 696.0% from the June 15th total of 12,275 shares. Based on an average daily trading volume, of 203,773 shares, the short-interest ratio is currently 0.5 days. Approximately 18.4% of the shares of the company are sold short.

Defiance Daily Target 2X Long RIOT ETF Trading Down 5.1%

Shares of NYSEARCA:RIOX traded down $1.79 during mid-day trading on Friday, reaching $33.00. 53,700 shares of the company traded hands, compared to its average volume of 232,088. The company’s 50 day moving average price is $52.39 and its 200-day moving average price is $36.32. Defiance Daily Target 2X Long RIOT ETF has a 52 week low of $12.96 and a 52 week high of $153.75.

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

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. Group One Trading LLC acquired a new stake in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 18,191 shares of the company’s stock, valued at approximately $609,000. Group One Trading LLC owned approximately 1.38% of Defiance Daily Target 2X Long RIOT ETF as of its most recent SEC filing.

About Defiance Daily Target 2X Long RIOT ETF

The Defiance Daily Target 2X Long RIOT ETF (RIOX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x long daily price performance of Riot Platforms, Inc shares, less fees and expenses, through the use of swap contracts RIOX was launched on Jan 2, 2025 and is issued by Defiance.