Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Get Free Report) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 682,409 shares, a growth of 133.8% from the July 15th total of 291,829 shares. Currently, 19.7% of the shares of the stock are sold short. Based on an average trading volume of 3,246,603 shares, the short-interest ratio is presently 0.2 days.
Defiance Daily Target 2X Short RGTI ETF Stock Down 2.5%
NASDAQ RGTZ traded down $0.07 on Friday, reaching $2.71. The company’s stock had a trading volume of 5,134,704 shares, compared to its average volume of 7,483,120. The company’s 50-day moving average price is $4.24. Defiance Daily Target 2X Short RGTI ETF has a 52 week low of $2.24 and a 52 week high of $37.48.
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 bought a new position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned approximately 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 (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.
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