Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Declines By 74.7%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 37,752 shares, a drop of 74.7% from the May 14th total of 149,294 shares. Based on an average trading volume of 289,329 shares, the short-interest ratio is currently 0.1 days. Approximately 5.9% of the company’s stock are short sold.

Institutional Investors Weigh In On Defiance Daily Target 2X Long RIOT ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP purchased a new position in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned 8.48% of Defiance Daily Target 2X Long RIOT ETF as of its most recent SEC filing.

Defiance Daily Target 2X Long RIOT ETF Price Performance

Shares of NYSEARCA RIOX traded up $8.08 during midday trading on Thursday, hitting $55.15. 251,002 shares of the company’s stock were exchanged, compared to its average volume of 243,203. Defiance Daily Target 2X Long RIOT ETF has a twelve month low of $12.96 and a twelve month high of $153.75. The firm’s fifty day simple moving average is $41.32 and its 200-day simple moving average is $35.81.

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.