Investors Purchase High Volume of Call Options on Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX)

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) was the recipient of unusually large options trading on Thursday. Stock investors purchased 1,963 call options on the stock. This represents an increase of 223% compared to the typical volume of 608 call options.

Institutional Trading of Defiance Daily Target 2X Long ORCL ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC purchased a new stake in shares of Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 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 Stock Performance

Defiance Daily Target 2X Long ORCL ETF stock traded down $6.17 during trading on Thursday, reaching $17.30. The company had a trading volume of 9,564,852 shares, compared to its average volume of 989,569. Defiance Daily Target 2X Long ORCL ETF has a 12-month low of $9.05 and a 12-month high of $60.53. The stock’s 50 day moving average price is $31.01 and its two-hundred day moving average price is $31.74. The firm has a market capitalization of $114.01 million, a price-to-earnings ratio of 35.86 and a beta of 16.41.

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.