Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCXGet Free Report) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 1,968,681 shares, a growth of 116.0% from the June 30th total of 911,544 shares. Based on an average daily volume of 4,022,674 shares, the short-interest ratio is presently 0.5 days. Approximately 17.3% of the company’s shares are short sold.

Defiance Daily Target 2X Long ORCL ETF Stock Performance

Defiance Daily Target 2X Long ORCL ETF stock traded up $0.50 during midday trading on Tuesday, reaching $15.58. The stock had a trading volume of 3,251,547 shares, compared to its average volume of 2,754,423. The stock’s 50-day simple moving average is $33.26 and its 200 day simple moving average is $34.20. Defiance Daily Target 2X Long ORCL ETF has a twelve month low of $13.71 and a twelve month high of $181.59. The stock has a market capitalization of $217.96 million, a PE ratio of 35.86 and a beta of 5.94.

Hedge Funds Weigh In On Defiance Daily Target 2X Long ORCL ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC bought a new stake in shares of Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCXFree Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund 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 at the end of the most recent quarter.

Defiance Daily Target 2X Long ORCL ETF Company Profile

(Get Free Report)

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.

Further Reading

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