Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) Stock Price Up 1.6% – Here’s Why

Defiance Daily Target 2X Long ORCL ETF (NASDAQ:ORCX) rose 1.6% during mid-day trading on Wednesday . The stock traded as high as $23.87 and last traded at $23.47. Approximately 10,892,219 shares changed hands during mid-day trading, an increase of 1,047% from the average daily volume of 949,948 shares. The stock had previously closed at $23.11.

Defiance Daily Target 2X Long ORCL ETF Trading Up 1.6%

The company’s 50-day simple moving average is $31.01 and its 200-day simple moving average is $31.74. The stock has a market capitalization of $154.67 million, a price-to-earnings ratio of 35.86 and a beta of 16.41.

Institutional Inflows and Outflows

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) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 15,453 shares of the company’s stock, valued at approximately $615,000. Flow Traders U.S. LLC owned 0.23% of Defiance Daily Target 2X Long ORCL ETF at the end of the most recent quarter.

About Defiance Daily Target 2X Long ORCL ETF

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.