Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLX) Stock Price Down 5.3% – Time to Sell?

Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLXGet Free Report)’s stock price traded down 5.3% during trading on Thursday . The company traded as low as $79.15 and last traded at $87.61. 1,072,248 shares changed hands during trading, a decline of 60% from the average session volume of 2,674,286 shares. The stock had previously closed at $92.48.

Defiance Daily Target 2X Long RKLB ETF Trading Down 13.9%

The stock has a fifty day simple moving average of $42.12 and a 200 day simple moving average of $40.27.

Hedge Funds Weigh In On Defiance Daily Target 2X Long RKLB ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RKLB ETF stock. Hollencrest Capital Management acquired a new position in shares of Defiance Daily Target 2X Long RKLB ETF (NASDAQ:RKLXFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 645 shares of the company’s stock, valued at approximately $26,000.

About Defiance Daily Target 2X Long RKLB ETF

(Get Free Report)

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.

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