Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Down 38.3% in June

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 6,294,109 shares, a decrease of 38.3% from the May 31st total of 10,196,089 shares. Based on an average daily volume of 24,448,755 shares, the short-interest ratio is currently 0.3 days. Currently, 260.1% of the company’s shares are short sold.

Institutional Trading of Defiance Daily Target 2X Short RGTI ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC purchased a new position in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 Up 7.6%

Shares of RGTZ stock opened at $4.26 on Friday. Defiance Daily Target 2X Short RGTI ETF has a 1-year low of $2.24 and a 1-year high of $37.48. The stock’s 50-day moving average is $6.98.

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.