Short Interest in Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) Drops By 76.5%

Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 156,358 shares, a decline of 76.5% from the March 15th total of 665,713 shares. Approximately 15.2% of the shares of the company are sold short. Based on an average daily volume of 231,175 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Defiance Daily Target 2X Long RIOT ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long RIOT ETF stock. Group One Trading LLC purchased a new stake in shares of Defiance Daily Target 2X Long RIOT ETF (NYSEARCA:RIOX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,191 shares of the company’s stock, valued at approximately $609,000. Group One Trading LLC owned 1.38% of Defiance Daily Target 2X Long RIOT ETF as of its most recent SEC filing.

Defiance Daily Target 2X Long RIOT ETF Trading Down 1.5%

Shares of Defiance Daily Target 2X Long RIOT ETF stock traded down $0.39 during trading hours on Friday, reaching $26.06. 130,907 shares of the stock traded hands, compared to its average volume of 230,893. The company has a 50 day moving average price of $23.11 and a 200 day moving average price of $50.86. Defiance Daily Target 2X Long RIOT ETF has a one year low of $12.96 and a one year high of $153.75.

Defiance Daily Target 2X Long RIOT ETF Company Profile

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.