Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Shares Shorted: Short Interest Down 73.9% in September

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 365,101 shares, a decrease of 73.9% from the August 31st total of 1,399,900 shares. Currently, 58.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 564,894 shares, the days-to-cover ratio is currently 0.6 days.

Defiance Daily Target 2X Short RGTI ETF Stock Down 2.0%

Defiance Daily Target 2X Short RGTI ETF stock opened at $13.99 on Friday. 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 fifty day simple moving average of $18.45.

Institutional Investors Weigh In On 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 bought a new position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 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 filing with the SEC.

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.