Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Short Interest Update

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 241,168 shares, an increase of 132.0% from the July 30th total of 103,953 shares. Based on an average trading volume of 350,268 shares, the days-to-cover ratio is currently 0.7 days. Currently, 40.9% of the shares of the company are short sold.

Defiance Daily Target 2X Long RIOT ETF Trading Down 18.6%

NYSEARCA:RIOX traded down $5.08 on Friday, hitting $22.18. The stock had a trading volume of 428,082 shares, compared to its average volume of 237,613. The business’s 50-day simple moving average is $34.62 and its two-hundred day simple moving average is $35.21. Defiance Daily Target 2X Long RIOT ETF has a 52-week low of $12.96 and a 52-week high of $153.75.

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

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long RIOT ETF stock. SIH Partners LLLP bought a new stake in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 196,833 shares of the company’s stock, valued at approximately $1,388,000. SIH Partners LLLP owned 8.48% of Defiance Daily Target 2X Long RIOT ETF at the end of the most recent quarter.

About Defiance Daily Target 2X Long RIOT ETF

The Defiance Daily Target 2X Long RIOT ETF (RIOX) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x long daily price performance of Riot Platforms, Inc shares, less fees and expenses, through the use of swap contracts RIOX was launched on Jan 2, 2025 and is issued by Defiance.