Short Interest in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Grows By 68.8%

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,105,599 shares, a growth of 68.8% from the April 30th total of 655,089 shares. Approximately 45.7% of the company’s shares are short sold. Based on an average daily volume of 3,788,832 shares, the short-interest ratio is currently 0.3 days.

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 acquired a new position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the first quarter, according to its most recent filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

Defiance Daily Target 2X Short RGTI ETF Trading Down 1.0%

Shares of RGTZ stock opened at $3.05 on Friday. Defiance Daily Target 2X Short RGTI ETF has a fifty-two week low of $2.24 and a fifty-two week high of $37.48.

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.