Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Shares Down 5.2% – Here’s Why

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) traded down 5.2% during mid-day trading on Friday . The company traded as low as $11.82 and last traded at $12.01. 3,651,760 shares changed hands during trading, a decline of 18% from the average session volume of 4,445,560 shares. The stock had previously closed at $12.67.

Defiance Daily Target 2X Long ORCL ETF Stock Down 5.2%

The firm’s fifty day moving average price is $17.36 and its two-hundred day moving average price is $29.56. The stock has a market capitalization of $211.62 million, a PE ratio of 35.86 and a beta of 16.41.

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

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned about 0.23% of Defiance Daily Target 2X Long ORCL ETF at the end of the most recent reporting period.

About Defiance Daily Target 2X Long ORCL ETF

The Defiance Daily Target 2X Long ORCL ETF (ORCX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of Oracle Corporation (ORCL), less fees and expenses, through derivatives like swap agreements. ORCX was launched on Feb 6, 2025 and is issued by Defiance.