Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Get Free Report) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 1,399,900 shares, a decline of 39.6% from the August 15th total of 2,318,304 shares. Based on an average daily volume of 4,650,512 shares, the short-interest ratio is presently 0.3 days. Approximately 40.3% of the company’s shares are sold short.
Defiance Daily Target 2X Short RGTI ETF Stock Up 1.6%
Shares of RGTZ traded up $0.29 during mid-day trading on Wednesday, reaching $18.11. The company’s stock had a trading volume of 178,283 shares, compared to its average volume of 1,403,222. Defiance Daily Target 2X Short RGTI ETF has a 1 year low of $11.20 and a 1 year high of $187.40. The company has a fifty day moving average price of $20.25.
Hedge Funds Weigh In On Defiance Daily Target 2X Short RGTI ETF
An institutional investor recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC purchased a new position in shares of Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ – Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 0.38% of Defiance Daily Target 2X Short RGTI ETF as of its most recent filing with the Securities and Exchange Commission (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.
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