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

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX)’s share price was down 5.2% during trading on Friday . The stock traded as low as $11.82 and last traded at $12.01. Approximately 3,651,760 shares were traded during mid-day trading, a decline of 18% from the average daily 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 has a fifty day moving average price of $17.36 and a two-hundred day moving average price of $29.58. The stock has a market capitalization of $211.62 million, a P/E ratio of 35.86 and a beta of 16.41.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC bought a new position in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned approximately 0.23% of Defiance Daily Target 2X Long ORCL ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

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.