Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Shares Down 9.2% – Time to Sell?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) shares traded down 9.2% on Friday . The stock traded as low as $35.69 and last traded at $36.05. 2,214,239 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 2,480,543 shares. The stock had previously closed at $39.69.

Defiance Daily Target 2X Long RKLB ETF Stock Down 9.2%

The firm has a fifty day moving average of $33.72 and a two-hundred day moving average of $38.68.

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

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management bought a new stake in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 645 shares of the company’s stock, valued at approximately $26,000.

Defiance Daily Target 2X Long RKLB ETF Company Profile

The Defiance Daily Target 2X Long RKLB ETF (RKLX) is an exchange-traded fund that mostly invests in industrials equity. The fund aims to provide 2x long daily price performance of Rocket Lab USA, Inc shares, less fees and expenses, through the use of swap contracts RKLX was launched on Mar 12, 2025 and is issued by Defiance.