Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Short Interest Update

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,399,900 shares, a decline of 39.6% from the August 15th total of 2,318,304 shares. Based on an average trading volume of 4,650,512 shares, the short-interest ratio is currently 0.3 days. Approximately 40.3% of the company’s stock are sold short.

Institutional Investors Weigh In On Defiance Daily Target 2X Short RGTI ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC purchased a new stake in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned about 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Short RGTI ETF Trading Up 1.6%

Shares of NASDAQ RGTZ traded up $0.29 during mid-day trading on Wednesday, reaching $18.11. The company had a trading volume of 178,283 shares, compared to its average volume of 1,403,222. Defiance Daily Target 2X Short RGTI ETF has a twelve month low of $11.20 and a twelve month high of $187.40. The stock has a 50 day simple moving average of $20.25.

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.