Short Interest in Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Declines By 65.9%

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 433,557 shares, a drop of 65.9% from the April 15th total of 1,269,567 shares. Based on an average daily volume of 3,738,445 shares, the days-to-cover ratio is presently 0.1 days. Approximately 4.6% of the company’s shares are short sold.

Institutional Trading of Defiance Daily Target 2X Long ORCL ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long ORCL ETF stock. Flow Traders U.S. LLC bought a new position in shares of Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned about 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 Price Performance

Shares of NASDAQ:ORCX traded up $2.61 on Thursday, hitting $44.96. 2,337,765 shares of the company’s stock were exchanged, compared to its average volume of 2,669,344. Defiance Daily Target 2X Long ORCL ETF has a 12 month low of $22.37 and a 12 month high of $181.59. The stock has a market capitalization of $428.02 million, a price-to-earnings ratio of 35.86 and a beta of 4.38. The business’s 50 day simple moving average is $32.43 and its two-hundred day simple moving average is $46.37.

Defiance Daily Target 2X Long ORCL ETF Company Profile

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.