Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Up 480.3% in July

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,345,940 shares, a growth of 480.3% from the July 15th total of 231,958 shares. Based on an average daily volume of 1,315,684 shares, the short-interest ratio is currently 1.0 days. Currently, 15.8% of the company’s shares are short sold.

Defiance Daily Target 2X Long SOFI ETF Stock Down 2.7%

NASDAQ:SOFX traded down $0.26 during trading hours on Wednesday, reaching $9.38. 599,675 shares of the stock were exchanged, compared to its average volume of 1,098,045. The business has a 50-day moving average of $9.62 and a two-hundred day moving average of $11.64. Defiance Daily Target 2X Long SOFI ETF has a twelve month low of $6.74 and a twelve month high of $55.48. The company has a market capitalization of $79.73 million, a price-to-earnings ratio of 23.00 and a beta of 4.37.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jump Financial LLC purchased a new stake in Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth about $233,000. Susquehanna International Group LLP lifted its position in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after purchasing an additional 24,575 shares in the last quarter. UBS Group AG boosted its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 17,912.4% in the third quarter. UBS Group AG now owns 168,596 shares of the company’s stock valued at $6,540,000 after purchasing an additional 167,660 shares during the period. Finally, Optiver Holding B.V. boosted its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% in the first quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock valued at $502,000 after purchasing an additional 45,762 shares during the period.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.