Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Declines By 74.7%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 37,752 shares, a decline of 74.7% from the May 14th total of 149,294 shares. Approximately 5.9% of the shares of the company are sold short. Based on an average daily volume of 289,329 shares, the short-interest ratio is presently 0.1 days.

Defiance Daily Target 2X Long RIOT ETF Trading Up 17.2%

Shares of NYSEARCA:RIOX traded up $8.08 during trading on Thursday, reaching $55.15. The company had a trading volume of 251,002 shares, compared to its average volume of 243,203. The stock’s fifty day moving average price is $41.32 and its 200 day moving average price is $35.81. Defiance Daily Target 2X Long RIOT ETF has a fifty-two week low of $12.96 and a fifty-two week high of $153.75.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. Group One Trading LLC purchased a new position in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,191 shares of the company’s stock, valued at approximately $609,000. Group One Trading LLC owned 1.38% of Defiance Daily Target 2X Long RIOT ETF as of its most recent SEC filing.

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.