Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Up 88.7% in April

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 2,131,348 shares, a growth of 88.7% from the April 15th total of 1,129,379 shares. Currently, 40.9% of the shares of the stock are short sold. Based on an average trading volume of 1,423,847 shares, the days-to-cover ratio is presently 1.5 days.

Defiance Daily Target 2X Long SOFI ETF Price Performance

Defiance Daily Target 2X Long SOFI ETF stock traded down $0.49 during trading hours on Friday, hitting $8.27. The stock had a trading volume of 1,121,250 shares, compared to its average volume of 866,636. The stock has a market capitalization of $43.09 million, a price-to-earnings ratio of 23.00 and a beta of 4.19. Defiance Daily Target 2X Long SOFI ETF has a 1-year low of $7.92 and a 1-year high of $55.48. The stock’s fifty day moving average is $10.73 and its two-hundred day moving average is $23.45.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

A number of large investors have recently made changes to their positions in the stock. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long SOFI ETF during the fourth quarter valued at $233,000. UBS Group AG boosted its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% during the fourth quarter. UBS Group AG now owns 184,908 shares of the company’s stock valued at $5,253,000 after acquiring an additional 16,312 shares during the last quarter. Finally, Susquehanna International Group LLP boosted its stake in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock valued at $3,547,000 after acquiring an additional 24,575 shares during the last quarter.

Defiance Daily Target 2X Long SOFI ETF Company Profile

The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.