Short Interest in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Expands By 68.8%

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,105,599 shares, an increase of 68.8% from the April 30th total of 655,089 shares. Approximately 45.7% of the shares of the company are sold short. Based on an average daily trading volume, of 3,788,832 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC bought a new stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent quarter.

Defiance Daily Target 2X Short RGTI ETF Stock Performance

RGTZ opened at $3.08 on Thursday. Defiance Daily Target 2X Short RGTI ETF has a 52 week low of $2.24 and a 52 week 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.