Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX – Get Free Report) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,131,348 shares, an increase of 88.7% from the April 15th total of 1,129,379 shares. Based on an average daily trading volume, of 1,423,847 shares, the days-to-cover ratio is currently 1.5 days. Currently, 40.9% of the shares of the company are short sold.
Institutional Investors Weigh In On Defiance Daily Target 2X Long SOFI ETF
Several hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long SOFI ETF in the fourth quarter worth $233,000. Susquehanna International Group LLP raised its position in Defiance Daily Target 2X Long SOFI ETF by 36.8% in the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after acquiring an additional 24,575 shares in the last quarter. Finally, UBS Group AG raised its position in Defiance Daily Target 2X Long SOFI ETF by 17,912.4% in the third quarter. UBS Group AG now owns 168,596 shares of the company’s stock worth $6,540,000 after acquiring an additional 167,660 shares in the last quarter.
Defiance Daily Target 2X Long SOFI ETF Stock Performance
NASDAQ SOFX traded down $0.49 on Friday, reaching $8.27. The stock had a trading volume of 1,121,250 shares, compared to its average volume of 866,636. The business’s 50-day moving average price is $10.73 and its 200 day moving average price is $23.45. Defiance Daily Target 2X Long SOFI ETF has a 12-month low of $7.92 and a 12-month high of $55.48. The stock has a market cap of $43.09 million, a P/E ratio of 23.00 and a beta of 4.19.
Defiance Daily Target 2X Long SOFI ETF Company Profile
The Defiance Daily Target 2X Long SOFI ETF (SOFX) is an exchange-traded fund that mostly invests in financials equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of SoFi Technologies, Inc (SOFI), less fees and expenses, through derivatives like swap agreements SOFX was launched on Jan 15, 2025 and is issued by Defiance.
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