Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Update

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) saw a large increase in short interest in 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 volume of 1,423,847 shares, the short-interest ratio is presently 1.5 days. Currently, 40.9% of the company’s shares are sold short.

Defiance Daily Target 2X Long SOFI ETF Trading Down 5.6%

Shares of NASDAQ:SOFX traded down $0.47 during mid-day trading on Tuesday, reaching $7.90. The stock had a trading volume of 1,061,514 shares, compared to its average volume of 872,297. The firm has a market cap of $41.16 million, a PE ratio of 23.00 and a beta of 4.19. The firm has a 50 day simple moving average of $10.62 and a two-hundred day simple moving average of $22.97. Defiance Daily Target 2X Long SOFI ETF has a twelve month low of $7.56 and a twelve month high of $55.48.

Institutional Investors Weigh In On Defiance Daily Target 2X Long SOFI ETF

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its holdings in Defiance Daily Target 2X Long SOFI ETF by 9.7% during the 4th quarter. UBS Group AG now owns 184,908 shares of the company’s stock valued at $5,253,000 after purchasing an additional 16,312 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long SOFI ETF during the fourth quarter worth $233,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 36.8% during the third quarter. Susquehanna International Group LLP now owns 91,432 shares of the company’s stock worth $3,547,000 after buying an additional 24,575 shares in the last quarter.

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.