Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Get Free Report) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 682,409 shares, a growth of 133.8% from the July 15th total of 291,829 shares. Based on an average trading volume of 3,246,603 shares, the days-to-cover ratio is presently 0.2 days. Approximately 19.7% of the shares of the stock are short sold.
Hedge Funds Weigh In On Defiance Daily Target 2X Short RGTI ETF
A hedge fund recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC purchased a new stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.
Defiance Daily Target 2X Short RGTI ETF Stock Performance
Shares of NASDAQ RGTZ traded down $0.07 during midday trading on Friday, reaching $2.71. 5,134,704 shares of the company traded hands, compared to its average volume of 7,483,120. Defiance Daily Target 2X Short RGTI ETF has a 12 month low of $2.24 and a 12 month high of $37.48. The business’s 50-day moving average price is $4.24.
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.
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