Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Update

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 655,089 shares, a growth of 1,018.7% from the April 15th total of 58,556 shares. Based on an average daily trading volume, of 2,952,381 shares, the short-interest ratio is presently 0.2 days. Currently, 27.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC purchased a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 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 reporting period.

Defiance Daily Target 2X Short RGTI ETF Price Performance

Defiance Daily Target 2X Short RGTI ETF stock opened at $9.07 on Tuesday. Defiance Daily Target 2X Short RGTI ETF has a 1-year low of $8.14 and a 1-year high of $37.48.

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.