Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 3,058,132 shares, an increase of 77.9% from the July 30th total of 1,718,708 shares. Based on an average daily volume of 3,333,860 shares, the short-interest ratio is presently 0.9 days. Approximately 22.3% of the company’s stock are short sold.

Institutional Trading of Defiance Daily Target 2X Long ORCL ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC purchased a new stake in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned about 0.23% of Defiance Daily Target 2X Long ORCL ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Defiance Daily Target 2X Long ORCL ETF Stock Performance

Shares of ORCX stock opened at $22.92 on Monday. The firm has a fifty day simple moving average of $20.91 and a 200-day simple moving average of $30.65. The company has a market capitalization of $313.77 million, a PE ratio of 35.86 and a beta of 6.04. Defiance Daily Target 2X Long ORCL ETF has a twelve month low of $13.71 and a twelve month high of $181.59.

About Defiance Daily Target 2X Long ORCL ETF

The Defiance Daily Target 2X Long ORCL ETF (ORCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Oracle Corporation (ORCL), less fees and expenses, through derivatives like swap agreements. ORCX was launched on Feb 6, 2025 and is issued by Defiance.