Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) Short Interest Up 480.3% in July

Defiance Daily Target 2X Long SOFI ETF (NASDAQ:SOFX) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,345,940 shares, a growth of 480.3% from the July 15th total of 231,958 shares. Currently, 15.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,315,684 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of Defiance Daily Target 2X Long SOFI ETF

Hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. boosted its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 570.2% during the 1st quarter. Optiver Holding B.V. now owns 53,788 shares of the company’s stock worth $502,000 after purchasing an additional 45,762 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long SOFI ETF in the fourth quarter valued at approximately $233,000. UBS Group AG increased its holdings in shares of Defiance Daily Target 2X Long SOFI ETF by 9.7% in the fourth 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. Finally, Susquehanna International Group LLP lifted its position in 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 Trading Up 5.1%

NASDAQ:SOFX opened at $10.08 on Friday. The company’s 50-day moving average price is $9.64 and its 200-day moving average price is $11.39. The company has a market cap of $85.68 million, a P/E ratio of 23.00 and a beta of 4.37. Defiance Daily Target 2X Long SOFI ETF has a twelve month low of $6.74 and a twelve month high of $55.48.

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.