Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) Shares Shorted: Short Interest Down 86.5% in September

Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) was the target of a large decrease in short interest in September. As of September 30th, there was short interest totaling 49,123 shares, a decrease of 86.5% from the September 15th total of 365,101 shares. Based on an average trading volume of 506,952 shares, the days-to-cover ratio is currently 0.1 days. Approximately 12.6% of the shares of the stock are short sold.

Defiance Daily Target 2X Short RGTI ETF Stock Up 1.0%

Shares of NASDAQ:RGTZ traded up $0.19 during trading on Friday, reaching $18.99. 111,543 shares of the company’s stock traded hands, compared to its average volume of 1,319,351. Defiance Daily Target 2X Short RGTI ETF has a fifty-two week low of $11.20 and a fifty-two week high of $187.40. The stock has a 50-day simple moving average of $16.37.

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

An institutional investor recently bought a new position in Defiance Daily Target 2X Short RGTI ETF stock. IMC Chicago LLC acquired a new stake in Defiance Daily Target 2X Short RGTI ETF (NASDAQ:RGTZ) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter.

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.