Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Stock Short Interest Falls 73.9%

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the recipient of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 365,101 shares, a decline of 73.9% from the August 31st total of 1,399,900 shares. Based on an average daily trading volume, of 564,894 shares, the short-interest ratio is presently 0.6 days. Approximately 58.0% of the company’s shares are sold short.

Defiance Daily Target 2X Short RGTI ETF Stock Up 7.4%

NASDAQ:RGTZ traded up $1.03 during trading hours on Monday, hitting $15.02. The company had a trading volume of 517,299 shares, compared to its average volume of 1,366,139. The company’s 50-day simple moving average is $18.45. Defiance Daily Target 2X Short RGTI ETF has a 52 week low of $11.20 and a 52 week high of $187.40.

Hedge Funds Weigh In On Defiance Daily Target 2X Short RGTI ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC acquired a new position in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 9,206 shares of the ETF’s stock, valued at approximately $250,000. IMC Chicago LLC owned 0.38% of Defiance Daily Target 2X Short RGTI ETF at the end of the most recent reporting period.

Defiance Daily Target 2X Short RGTI ETF (NASDAQ: RGTZ) is an exchange-traded fund offered by Defiance ETFs that provides investors with leveraged, inverse exposure to the RGTI benchmark on a daily basis. As its name indicates, the fund is designed to deliver approximately -200% of the daily performance of the RGTI index before fees and expenses, giving traders and investors a way to profit from—or hedge against—daily declines in that reference benchmark.

To achieve its investment objective, RGTZ employs derivatives such as swaps, futures contracts and options, and may use other financial instruments to obtain the targeted short and leveraged exposure.