Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 241,168 shares, an increase of 132.0% from the July 30th total of 103,953 shares. Currently, 40.9% of the company’s stock are short sold. Based on an average daily volume of 350,268 shares, the days-to-cover ratio is presently 0.7 days.

Defiance Daily Target 2X Long RIOT ETF Stock Down 18.6%

Defiance Daily Target 2X Long RIOT ETF stock traded down $5.08 during trading hours on Friday, hitting $22.18. The stock had a trading volume of 428,082 shares, compared to its average volume of 237,613. The stock’s 50-day moving average price is $34.62 and its 200-day moving average price is $35.21. Defiance Daily Target 2X Long RIOT ETF has a 12-month low of $12.96 and a 12-month 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 Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Defiance Daily Target 2X Long RIOT ETF Company Profile

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.