Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX – Get Free Report) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,131,348 shares, a growth of 88.7% from the April 15th total of 1,129,379 shares. Based on an average daily trading volume, of 1,423,847 shares, the days-to-cover ratio is presently 1.5 days. Currently, 40.9% of the company’s stock are sold short.
Defiance Daily Target 2X Long SOFI ETF Stock Performance
Shares of SOFX stock traded down $0.09 on Monday, reaching $8.18. 1,044,470 shares of the company’s stock traded hands, compared to its average volume of 868,496. Defiance Daily Target 2X Long SOFI ETF has a 12-month low of $7.92 and a 12-month high of $55.48. The company has a market capitalization of $42.62 million, a P/E ratio of 23.00 and a beta of 4.19. The business’s 50 day moving average price is $10.73 and its two-hundred day moving average price is $23.28.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of SOFX. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long SOFI ETF during the fourth quarter valued at $233,000. UBS Group AG lifted its position in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% during the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock worth $5,253,000 after purchasing an additional 16,312 shares during the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the 3rd quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after purchasing an additional 24,575 shares during the last quarter.
About Defiance Daily Target 2X Long SOFI ETF
The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.
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