Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Declines By 67.5%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 12,275 shares, a drop of 67.5% from the May 31st total of 37,752 shares. Based on an average daily volume of 148,326 shares, the short-interest ratio is currently 0.1 days. Currently, 1.9% of the company’s shares are short sold.

Hedge Funds 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. Group One Trading LLC bought a new stake in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 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 at the end of the most recent reporting period.

Defiance Daily Target 2X Long RIOT ETF Stock Up 4.4%

NYSEARCA RIOX traded up $2.68 on Friday, reaching $63.88. The stock had a trading volume of 171,285 shares, compared to its average volume of 238,924. The stock has a fifty day moving average price of $49.92 and a two-hundred day moving average price of $36.68. Defiance Daily Target 2X Long RIOT ETF has a 12-month low of $12.96 and a 12-month high of $153.75.

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.